EUROFER Welcomes EC Decision on Steel Imports

In a statement, EUROFER welcomed the decision of the European Commission to prolong the steel import prior surveillance system and to extend its coverage.

“The burden-free automatic license-based system is a reliable tool of accurate and timely information on anticipated steel imports. Advanced statistical information is critical for our industry permitting rapid analysis of increasingly volatile steel import trends.” said Gordon Moffat, EUROFER’s director general.

“In the current context of excess capacity worldwide driven by the huge over-capacity situation in China together with the protectionist measures adopted by all major steel regions outside Europe, there is a significant risk of diversion of trade flows to the European market. This measure by the Commission and member states is recognition of this threat and therefore a prudent precautionary measure”, Moffatt added.