EU Steel Industry Braces for Safeguards Amid Tariff Turmoil ...Middle East

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EU Steel Industry Braces for Safeguards Amid Tariff Turmoil
source : OILPRICE ( Middle East ) () 59
In September, the European Steel Association (Eurofer) plans to introduce a proposal for an early and intensified safeguard system on imports. According to director Axel Eggert, this would replace the current general safeguard system used by the steel industry. Eurofer stated that the proposed system includes stronger tariff-rate quota (TRQ) protections for European producers, with consistent enforcement across all exporting countries. The trade body added that the TRQs would apply to all steel categories, including downstream and derivative products.…

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