International trade is essential for the European economy, and steel products are among the most intensively traded products in the world. Around a quarter of the 160 million tonnes of steel used in the EU every year is imported - and the EU is also a major steel exporter.
Trade policy issues are of central importance to EUROFER, because free and fair international trade conditions are the basis for the stability of the EU steel market. EUROFER welcomes free trade agreements that open up mutually accessible markets between trade partners and ensures fair access to public procurement tenders.
In particular, EUROFER monitors - on an ongoing basis - trade flows to ensure that imports into the EU are coming on a fair basis and are not dumped, produced using unfair subsidies or circumventing existing trade defence measures.
Brussels, 20 October 2020 – The European Commission has today initiated an investigation into the dumping of wind towers on the EU market from China. Wind towers – used to make renewable electricity – are principally built using steel, and the opening of this investigation shows that steel-using sectors also need adequate trade remedies.
'We are ready - are you? Making a success of the EU Green Deal' summarises the main points from EUROFER's 'A Green Deal on Steel'.
If the EU Steel Safeguard measures end in June 2021, the EU steel industry will again be fully exposed to high volumes of cheap deflected steel imports – particularly for as long as the United States Section 232 measures continue.