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European Commission Starts Steel Safeguard Measures Review

Steel News - Published on Mon, 17 Feb 2020

Image Source: EC
The European Commission has launched a second review of the current safeguard measures on steel imports into the EU. The EC will look at the overall framework and also review the list of developing World Trade Organization countries currently excluded from the measures based on their historically low volumes. The EC will assess whether imports from a developing WTO member exceed the 3% of its share of overall imports of the product subject to measures, given that developing countries collectively account for not more than 9% of product imports. The EC is asking for interested parties to submit comments. The review will be concluded no later than June 30.

The product under review consists of steel products listed below
Product NumberProduct category
1Non Alloy and Other Alloy Hot Rolled Sheets and Strips
2Non Alloy and Other Alloy Cold Rolled Sheets
3. AElectrical Sheets (other than GOES)
3.BElectrical Sheets (other than GOES)
4.AMetallic Coated Sheets
4.BMetallic Coated Sheets
5Organic Coated Sheets
6Tin Mill products
7Non Alloy and Other Alloy Quarto Plates
8Stainless Hot Rolled Sheets and Strips
9Stainless Cold Rolled Sheets and Strips
10Stainless Hot Rolled Quarto Plates
12Non Alloy and Other Alloy Merchant Bars and Light Sections
13Rebars
14Stainless Bars and Light Sections
15Stainless Wire Rod
16Non Alloy and Other Alloy Wire Rod
17Angles, Shapes and Sections of Iron or Non Alloy Steel
18Sheet Piling
19Railway Material
20Gas pipes
21Hollow sections
22Seamless Stainless Tubes and Pipes
24Other Seamless Tubes
25Large welded tubes
27Non-alloy and other alloy cold finished bars
28Non Alloy Wire
 


The safeguard measures have been in place since January 31, 2019 and underwent a first review in the summer of last year following which the EC introduced a 3% annual increase in tariff-free steel quotas across all product categories, a cut from the original 5% annual increase.

Source :

Posted By : Nishith Sharma on Mon, 17 Feb 2020
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