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Home > European Commission Extends Safeguard Measures on Steel Imports: A Blow to European Companies’ Competitiveness

European Commission Extends Safeguard Measures on Steel Imports: A Blow to European Companies’ Competitiveness

12 June 2024 | Commodities, Commodities, Economy, Futured, Highlights, Market Forecasts - Industrial Metals, News

In recent days, the European Commission (EC) notified the World Trade Organization (WTO) of its intention to extend safeguard measures on steel imports for another 24 months, introducing an extremely low ceiling on imports from some countries. This decision could result in a shortage of 1.63 million tons of steel, with catastrophic repercussions for key […]

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