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South Korean steelmakers see no major impact from EU safeguard measures

Steel News - Published on Fri, 20 Jul 2018

Image Source: Indian Express
Yonhap News reported that South Korean steelmakers expect European Union's provisional safeguard measures on imports of steel products to not have any major impact on their exports to Europe. POSCO said in a text message sent to Yonhap News Agency that "The EU tariffs will be slapped on steel imports which exceed the average level over the past three years. And we don't see any big difficulties in maintaining our 3-year average export level to Europe this year."

Hyundai Steel Co, the country's largest steelmaker after POSCO, also expected it will maintain its existing export volumes to Europe this year. But it expressed concerns about stricter measures by the U.S. and Europe on steel imports in a "possible trade war" among countries.

Source :

Posted By : Sanju Moirangthem on Fri, 20 Jul 2018
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