The European Commission has unveiled an action plan targeting the steel and metals industries, specifically aimed at imposing a 15% reduction of steel imports starting April 1. This move is a direct response to the competitive pressures stemming from US tariffs and overcapacity issues in Asia. According to Vice-President Stéphane Séjourné, there is an urgent need to safeguard European steelworks from unfair competition. The plan includes the introduction of a 'melted and poured' rule and the preparation of a new safeguard clause ahead of the expiration of the current one in 2026.
In the space of a few years, global overcapacities - particularly in Asia - have hit our plants' order books hard, such that we need to protect our steelworks.
Since the Americans slapped a 25% tariff on all steel and aluminium imports into the US, the EU has been worried that it will see more global steel overcapacities flooding into its market.
Europe must be a global steel player, not a playground, which is why we are looking into tighter restrictions on steel and metals imports.
We need to protect our steelworks from unfair foreign competition - wherever it may come from, which is why the Commission's plan focuses on a 15% reduction.
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