OTS - Upcoming EU decision negligently threatens the European steel industry and thus the Green Deal
2020. June 10. 09:00
Brussels, June 10, 2020 (APA/OTS) - This week, the European
Commission and the EU member states decide on the future of the
safeguard policy for the steel industry. This is about the ability
to survive of the European steel industry as well as the green
deals. There are concerns that there will be a wave of cheap
imported steel after COVID-19. Therefore, the European steel
industry, including companies and associations, approached the
European Commission and national governments in an open letter.
They are urgently asked to immediately decide on lowering the
safeguard contingents and to immediately stop the transfer of
unexploited contingents in subsequent periods. If they refrain from
doing so, it would be a negligent handling of European interests.
Since the beginning of the Corona crisis in March 2020, the
demand for steel within the EU has plummeted by about 50 percent.
The European steel industry has reacted to this slump by shutting
down its production. In contrast, large market competitors like
China, India or Russia have continued their production at a high
level, regardless of the also internationally precarious market
situation. They have filled their warehouses with large quantities
of cheap steel.
Cheap, because this steel is funded by the state and is being
produced under ecological and social standards that are generally
far below those of the EU. European steel, on the other hand, is
the most sustainable steel in the world, produced under the best
ecological and social conditions.
The Joint Statement can be downloaded at:
https://www.presseportal.de/nr/126771
Press contact
Charles de Lusignan
mail@eurofer.be
+32 3 738 79 20
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