European steel users question need for EU safeguard measures

Wednesday, 23 January 2019 21:38:05 (GMT+3)   |   Istanbul

The European Association of Automotive Suppliers (CLEPA) has announced that a coalition representing European steel users has called into question the European Commission’s imposition of safeguard measures. The coalition includes the automotive sector, technology industries, and home appliance, wind energy and packaging sectors.

According to CLEPA, given that the data for 2018 presents a very limited decrease in imports compared to 2017, the possibility of serious injury for European steel producers is minimal. The decrease in US imports in 2018 amounted to 3 million mt of steel, while the EU market is approximately 165 million mt in total.

CLEPA stated that steel-consuming manufacturers in Europe now fear that any safeguard measures will lead to increased prices and even tighter capacity in the European steel market.

The European Commission has failed to take into account the interests of downstream steel users when it made the proposal to apply definitive measures, the CLEPA statement said. Together, the associations represented by the coalition employ approximately 20 million people in Europe. The competitiveness of European manufacturing needs to be preserved, according to the statement.

The signatories to the statement are European Automobile Manufacturers’ Association (ACEA), Home Appliance Europe (APPLIA), CLEPA, Metal Packaging Europe, Orgalime, and WindEurope.

Most Recent Related Articles

Court limits amount of iron ore slag CSN can pile near mill

US import wire rod market unchanged week-on-week

Price stable for Brazilian rebar exports

Turkey books more scrap from the US, Europe

Japanese crude steel output up 5.9 percent in Jan from Dec