At a time when the sector is facing 25% US customs duties and competition from Asia is putting pressure on European producers, the Commission announced Wednesday that it would limit steel imports by 15% from 1 April.
“In the space of a few years, global overcapacities - particularly in Asia - have hit our plants' order books hard,” Commission Vice-President Stéphane Séjourné said while introducing an action plan for steel and metals industries, adding: “This is priority number one: We need to protect our steelworks from unfair foreign competition - wherever it may come from.”
