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Europe widening protection net for domestic steel mills

Steel News - Published on Fri, 17 Feb 2017

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Reuters Steel lobby group Eurofer said on Thursday that Iranian exports to Europe had leapt to just over 1 million tonnes annually, putting the country just behind India at 1.9 million tonnes, while China shipped 5.7 million tonnes in 2016. Karl Tachelet, external relations and trade director at Eurofer, told Reuters that "The threat from Iran is new and it's going to be one of the top three issues: China, India, Iran.”

The EU is investigating alleged dumping of hot-rolled steel by producers in Serbia and Iran as well as Brazil, Russia and Ukraine. It has already imposed penalties on China, prompting an angry response and a WTO complaint from Beijing.

Eurofer says EU measures against nations such as China have helped to revive an industry that was deeply in crisis in late 2015 and early 2016 when steel prices were very low.

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Posted By : Rabi Wangkhem on Fri, 17 Feb 2017
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