Eurofer expects EU safeguard changes to stabilize trade flows, but market will remain weak

摘要

Adjustments to EU safeguard measures will “stabilize trade flows by containing import concentrations from certain exporting countries,” the European steel association Eurofer said on Tuesday October 1. Although the changes will result in improvements, “the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand,” Eurofer said. The European Commission has made a number of changes to its existing regime of safeguard measures concerning 26 steel product categories that came into force on October 1 this year.