EUROFER Urges Immediate Action Over 50% US Steel Duty

Post Views: 259 steel tariffs Growing Threat to European Steel Industry EUROFER, the European Steel Association, is sounding the alarm as the US increases its steel import tariff to 50%. The European market is facing a critical threat of being flooded with cheap steel, previously bound for the US. Without quick intervention, the EU’s steel sector could face severe consequences, warns EUROFER.   The Risk of a Flooded Market The US decision to double its blanket tariff on steel imports is expected to redirect approximately 27 million tons of steel to Europe. With weakened demand and imports...