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Safeguarding EU Steel

Support the industry: why we need the safeguard.

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This infographic shows why the EU needs the EU steel safeguard - and why it needs to work. Steel is an intensively traded product in a market suffering from significant global overcapacity. This is affecting the financial and economic sustainability of the steel sector. 

The safeguards are a justified trade policy response to import surges caused by external factors. The quota itself is based on the average volume data from 2015-2017. The quota increased by 5% in February 2019 and is schedule to increase by another 5% in July 2019. This expansion of the quota size is independent of the growth of the overall EU steel market.





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Published: 01 January 2019

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The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium

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Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20