News » EUROFER welcomes EU WTO action on illegal Indonesian export restrictions
EUROFER welcomes EU WTO action on illegal Indonesian export restrictions
Downloads and links
The European Steel Association (EUROFER) welcomes the EU’s decision, announced on 14 January 2021, to request the WTO establish a panel in order to seek the elimination of unlawful export restrictions imposed by Indonesia on raw materials necessary for the production of stainless steel, notably nickel ore and iron ore.
This decision follows the earlier announcement of November 2019 which EUROFER also supported.
Indonesia has been engaging in an aggressive expansion of its nickel processing and stainless steel sectors. This began in 2014, with Indonesia banning the exports of nickel-bearing raw materials to ensure its nascent domestic stainless production had access to below-market price inputs.
Taking action at the WTO is fundamental to prevent third countries' – such as Indonesia – aggressive and illegal sectoral industrial policies undermining global trade and resulting in artificial cost distortions and overcapacities.
Nickel is an important component in the production of stainless steels. 55% of all stainless steels contain nickel because it improves corrosion resistance and improves the alloy’s properties. Indonesia’s hoarding of this material inflates the competitiveness of its stainless steel industry.
In parallel to the action initiated by the EU at WTO level, it remains essential that the Commission continues to act swiftly and vigorously by deploying the trade defence instruments available to it under EU law. TDIs can begin to tackle the unfair practices and trade distortions that gravely affect the European industry.
Download files or visit links related to this content
Brussels, 16 March 2023 – A successful EU industrial policy requires a value chain-based approach, with steel as an integral part of the Net-Zero Industry Act. To ensure that the EU remains competitive in the greatest transformation of the industry towards climate-neutrality, it is essential to adopt disruptive thinking and innovative measures to create a more attractive green investment environment whilst securing the EU’s strategic autonomy. The European Steel Association (EUROFER) details its comprehensive vision in a new policy paper covering all industrial policy fields relevant for a green, decarbonised and prospering European manufacturing industry, including energy and climate, environment and circularity, investment, trade, internal market and skills.
New global reality requires disruptive thinking and innovative measures
Brussels, 14 March 2023 – The revision of the Electricity Market Design (EMD) risks becoming another missed opportunity to secure cost-competitive fossil-free electricity and to introduce solutions providing swift relief to energy-intensive sectors exposed to global competition. It remains unclear how industrial energy consumers will be able to access the large quantities of renewable and low-carbon electricity needed for their decarbonisation in the coming years, says the European Steel Association following the publication of the European Commission’s reform proposal on the EMD.