Huaxiao Metal Corporation Limited.

The European Union Carries Out Protective Tariffs On Steel

The daily news network of Germany reported in July 19th. As the United States levied import tariffs on steel and aluminum products from the EU, China and other countries, the EU also imposed special tariffs on steel for self-protection, in order to protect the industry of EU member countries from the "iron and steel surplus".

As the US government decided to impose additional import tariffs of 25% and 10% on steel and aluminum products, the EU feared that other countries would try to sell their steel products in the European market, which could lead to a "iron and steel surplus" in the EU market, so the EU must protect its own market. Cecilia malm Steen, a European Union Trade Commissioner, said the US tariffs on steel products led to the transfer of trade flows, which could cause serious damage to European steelmakers and workers.

The iron and Steel Association believes that there is a reason for worries about "excess iron and steel". Since the beginning of the year, the EU's steel import pressure has increased significantly. It is estimated that 47.80 million tons of steel will enter the European Union by the end of this year, an increase of 18% over the same period last year.

However, EU protective tariffs will come into force only when the quantity of steel imported by enterprises exceeds their current imports. The current import volume refers to the average import volume of the enterprise in the past three years. Protective tariffs are temporary measures with the longest validity period of 200 days.

Related News
  • Research Says Cooking Oil Can Make Stainless Steel Surfaces Antibacterial

    Research Says Cooking Oil Can Make Stainless Steel Surfaces Antibacterial

    August 6, 2018It is reported that scratches inevitably formed on the surface of stainless steel seem insignificant to us, but they provide a "safe haven" for bacteria. Scientists at the University of Toronto have r...view
  • China Stainless Steel Daily

    China Stainless Steel Daily

    March 28, 2018201 Cold Rolled: Stainless steel mills continue to maintain the price of yesterday. The mainstream market price in USD1280-1300/MT, Yesterday afternoon some mills pulled up slightly, but affected by t...view
  • 316 Stainless Steel Coil

    316 Stainless Steel Coil

    August 16, 2018Corrosion resistanceIts corrosion resistance is superior to that of 304 stainless steel and it has good corrosion resistance in the production of pulp and paper. And 316 stainless steel is also resist...view
  • Rose Gold Stainless Steel Plate

    Rose Gold Stainless Steel Plate

    August 24, 2018The surface corrosion resistance and wear resistance of the rose gold stainless steel plate are stronger than that of the ordinary stainless steel. It can resist the salt fog corrosion for more than 1...view
  • What is the Difference Between Stainless Steel Hot Rolling and Cold Rolling

    What is the Difference Between Stainless Steel Hot Rolling and Cold Rolling

    August 16, 2018The difference between stainless hot rolling and cold rolling is that cold rolling is based on hot rolling.Cold rollingIt is processed and rolled on the basis of hot rolled stainless steel plate coils...view
  • Inventories Fell Sharply In Late March

    Inventories Fell Sharply In Late March

    April 3, 2018According to statistics, the Wuxi area of stainless steel inventory in late March 2018 was 237,727 tons, 18,818 tons less than the first ten days of March, and a 7.34% decline.Main factors of large dr...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.