The European Commission welcomes the political agreement reached between the European Parliament and the Council on the measure to protect the EU steel sector from global overcapacity. This is a crucial step towards ensuring the long-term viability of a strategic European industry. The new measure sets duty-freequotas at 18.3 million tonnes per year, with an […]
Coal and Steel Research Fund: Council adopts position to make steel and coal industries cleaner and more competitive
The Council has reached an agreement (general approach) on a package of two proposals to reform the Coal and Steel Research Fund. The two Council Decisions aim to accelerate and simplify investments in research and innovation to promote competitiveness and a green and just transition for the steel sector and mining regions in the EU. […]
New measures to protect EU steel market from global overcapacity
On Tuesday, the International Trade Committee adopted a series of measures to counteract the negative impact of global overproduction on the EU steel market. By 36 votes in favour and 2 against, with 5 abstentions, MEPs on the International Trade Committee have adopted their position on the proposed regulation to counteract the negative trade-related effects of the […]
Commission’s Action Plan to secure a competitive and decarbonised steel and metals industry in Europe
On March 19th, the Commission took action to maintain and expand European industrial capacities in the steel and metals sectors. The Action Plan on Steel and Metals is designed to strengthen the sector’s competitiveness and safeguard the industry’s future. The European steel industry is fundamental for European economy, providing inputs to critical sectors such as […]
The EU counters steel subsidies from China
Last March 16, the EU imposed anti-subsidy duties on imports of stainless steel cold-rolled flat products originating in Indonesia and also India. With Indonesia at the forefront, the EU is countering the highly trade-distorting export restrictions on key raw materials — linked also to Chinese financing. Additionally, the EU is taking action against preferential financing […]