In March 2018, the US imposed tariffs on steel imports to the US of 25%. These measures applied to the EU as of June 2018. The EU reacted by imposing retaliatory tariffs on EU-bound EU products in late June 2018. In order to ward off the destabilising effects of deflected steels, a provisional EU safeguard on steel imports followed on 18 July 2018. The EU decided to implement a final safeguard measure in February 2019, which will last for four years, with annual reviews.
Essentially, the safeguard is a Tariff Rate Quota (TRQ) of 100% based on the import levels in 2015-2017, with a dissuasive 25% tariff above that. There are further specific rules regarding quarterly quotas for certain products and countries, with limited exceptions. These change periodically as the safeguard is reviewed.
New global reality requires disruptive thinking and innovative measures
Brussels, 08 June 2022 – EUROFER welcomes the adoption by Member States of the Commission proposal on the continuation of the safeguard measure, which supports the stability of the EU steel market while ensuring smooth supply flows.
Brussels, 18 January 2021 – EUROFER welcomes the extension for another five years of EU anti-dumping measures on imports of grain-oriented flat-rolled products of silicon-electrical steel (“GOES”) from China, Japan, South Korea, Russia and the US. This important step will help EU GOES producers keep contributing to Europe’s energy efficiency and climate targets of reducing greenhouse gas emissions.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
