Eurofer calls on EU bodies to take actions on steel trade

Eurofer calls on EU bodies to take actions on steel trade

The steel industry is calling on the European Parliament’s International Trade Committee (INTA) and Foreign Affairs Council (FAC) to move the EU away from words and towards action, producers’ group Eurofer said Tuesday.

“As INTA and FAC are responsible for trade policy, it is vital that they are able to make progress on the discussions begun at the (council of ministers meeting on 9 November),” Axel Eggert, director general of Eurofer, said.

This includes addressing the issue of Market Economy Status (MES) for China. China is currently considered to be a non-market economy for the purpose of anti-dumping investigations. If MES were to be granted, then Europe’s main anti-dumping tools would become ineffective, exposing the steel industry even further to unfairly dumped Chinese steel, Eurofer said.

“China has an overcapacity of at least 340 million metric tons – more than twice total EU steel production. Chinese imports of dumped steel have exploded in the last two years, more than doubling in that time… There needs to be an open and frank discussion between policymakers about what granting this status to China would mean for the survival of European industry,” Eggert stressed.

Eurofer said the 9 November ministers’ meeting delivered a number of what it called “promising goals,” but these now need to be converted into action.

INTA met privately with European Commissioner for Trade Cecilia Malmström Tuesday; the FAC meeting will take place on 27 November.

Annalisa Villa, SBB Daily Briefing – 25 Nov 2015

Leave a comment