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EU fails to take action to stop cheap Chinese steel imports

Steel News - Published on Tue, 10 Nov 2015

Image Source: qualityaction
Reuters reported that European Union ministers failed to agree on Monday on urgent measures that steelmakers are demanding to stem a flood of cheap imports from China after the loss of some 5,000 jobs in the sector in Europe in the past three months.

Luxembourg economy minister Etienne Schneider, whose country holds the six-month rotating presidency of the bloc, told a news conference that they agreed on the gravity of the situation and the need to take concrete actions. Luxembourg has called for a conference later this year to consider a response.

British steelworkers union Community said the ministers had failed to grasp the urgency of the situation, with the promise of another conference only delaying action.

Economy and industry ministers had gathered in Brussels at the request of Mr Sajid Javid, business minister for Britain, where the majority of jobs have been lost.

Source :

Posted By : Robichandra Sanasam on Tue, 10 Nov 2015
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