Coaltrans Global 2021The Wolfson Centre for Bulk Solids Handling Technology ViganVan AalstCimbriaPort of South Louisiana
  • Van Aalst
  • Port of Stockton
  • Port of South Louisiana
  • Cimbria
  • Vigan
  • Telestack

EUROFER condemns US tariffs and calls for safeguards to counter ‘Section 232 effect’

EUROFER condemns US tariffs and calls for safeguards to counter ‘Section 232 effect’

(Posted on 01/06/18)

US Commerce Secretary Wilbur Ross has announced that the US’ Section 232 tariffs will now hit EU steel. As of today, 1 June, the EU will face a 25% tariff on its exports of the metal to the US.

The European Steel Association (EUROFER) has condemned the US action and called on the Commission to swiftly adopt safeguard measures that are broad in scope, comprehensive in the countries covered, but that ensure access to traditional trade flows.

EUROFER is located in Brussels and was founded in 1976. It represents the entirety of steel production in the European Union.

“The US measure is naked protectionism – a bad day for the world trade system”, said Axel Eggert, Director General of EUROFER. “However, what’s done is done – the US’ administration seems not to believe that being close, political, economic and geo-strategic partners is sufficient grounds to prevent the EU from being hit”.

“The EU thus needs to act swiftly in its own interest to defend the internal market from the ‘Section 232 effect’ – the impact of steel deflected from the US border to the largest open steel market in the world: Europe’s”, stressed Mr Eggert.

“EUROFER calls for a quickly-deployed safeguard that covers the full product scope that will be affected – and warns that there cannot be country exclusions if the safeguard is to function. However, the purpose is not to exclude imports: it is preventative remedial action against the threat posed by import surges”, added Mr Eggert.

In the first four months of the 2018, imports have surged by 8.4%, almost certainly as a result of the Section 232 effect. 2017 already represented a high-water mark for imports into the EU – making rapid corrective remedial action all the more imperative.

“We regret that the US has taken this unnecessarily damaging step. We support the Commission in its responses to the US’ trade action – and urge all EU stakeholders to remain united in order to face down both the US’ measure and the incoming inundation of deflected steel products”, concluded Mr Eggert.

The European steel industry has a turnover of around €170 billion and directly employs 320,000 highly-skilled people, producing on average 160 million tonnes of steel per year. More than 500 steel production sites across 22 EU Member States provide direct and indirect employment to millions more European citizens.

EUROFER members are steel companies and national steel federations throughout the EU. The major steel companies and national steel federations in Switzerland and Turkey are associate members.

Latest News

EU Commission’s distortive subsidies efforts acknowledged

(Posted on 06/05/21)

The European fertilizer industry has acknowledged the Commission’s proposal to add a new instrument... Read more


ASI certifies Rio Tinto’s Iceland smelter

(Posted on 04/05/21)

Rio Tinto's ISAL smelter in Iceland has been certified by the Aluminium Stewardship Initiative (ASI)... Read more


GPA welcomes stronger biosecurity measures

(Posted on 04/05/21)

Australia’s peak national grain grower advocacy group has welcomed the Australian Government&rsquo... Read more


US grain shippers partner with railroads on food safety

(Posted on 29/04/21)

The National Grain and Feed Association (NGFA, and a coalition of agricultural shippers including the... Read more


Rusal commissions new open pit bauxite mine

(Posted on 26/04/21)

Rusal, a leading global aluminium producer, has begun mining at a new open pit quarry at the Vezhayu... Read more


Cargill reveals new canola facility plans

(Posted on 26/04/21)

Cargill has announced plans to break ground on a new canola processing facility in Regina, Saskatchewan... Read more


Rusal acquires Aluminium Rheinfelden

(Posted on 20/04/21)

Rusal, a leading global aluminium producer, has announced that it has successfully completed the acquisition... Read more


High grades for Sorghum in USGC report

(Posted on 15/04/21)

The U.S. Grains Council (USGC) has published its 2020/2021 Sorghum Quality Report and for the second... Read more


$8.4bn tax contribution by Rio Tinto

(Posted on 11/04/21)

Rio Tinto has released its 2020 Taxes paid. The company’s economic contribution report, which... Read more


En+ director joins Aluminium Stewardship Initiative board

(Posted on 06/04/21)

En+ Group, the world’s leading producer of low-carbon aluminium and independent hydropower, has... Read more


Sailors SocietyTOC EventsTBA GroupPort of StocktonBühler GmbHCleveland Cascades Ltd
  • TBA Group
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping