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EU steel safeguard
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In March 2018, the US imposed tariffs on steel imports to the US of 25%. These measures applied to the EU as of June 2018. The EU reacted by imposing retaliatory tariffs on EU-bound EU products in late June 2018. In order to ward off the destabilising effects of deflected steels, a provisional EU safeguard on steel imports followed on 18 July 2018. The EU decided to implement a final safeguard measure in February 2019, which will last for four years, with annual reviews.
Essentially, the safeguard is a Tariff Rate Quota (TRQ) of 100% based on the import levels in 2015-2017, with a dissuasive 25% tariff above that. There are further specific rules regarding quarterly quotas for certain products and countries, with limited exceptions. These change periodically as the safeguard is reviewed.
Brussels, 04 February 2025 – The European Steel Association (EUROFER) supports the demonstration of thousands of industry workers taking place tomorrow, 5 February, in Brussels, organised by industriAll Europe. Steel workers from across the EU will join workers from other manufacturing industries to call on the European Commission to save our industry and preserve employment by investing in good industrial jobs and the transition, while combating global overcapacity and unfair trade.
Brussels, 27 November 2024 – The European steel industry is at a critical juncture, facing irreversible decline unless the EU and Member States take immediate action to secure its future and green transition. Despite repeated warnings from the sector, the EU leadership and governments have yet to implement decisive measures to preserve manufacturing and allow green investments across Europe. Recent massive production cuts and closure announcements by European steelmakers show that time has run out. A robust European Steel Action Plan under an EU Clean Industrial Deal cannot wait or manufacturing value chains across Europe will simply vanish, warns the European Steel Association.
Brussels, 12 November 2024 - Ahead of Commissioner-Designate Séjourné’s hearing in the European Parliament, European steel social partners, supported by cross-party MEPs, jointly call for an EU Steel Action Plan to restore steel’s competitiveness, and save its green transition as well as steelworkers’ jobs across Europe.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
