International news within the industry of mining and metal, Sep, 23 2018
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The EU wants to curb the inflow of steel and aluminum

European steel mill on the run. Photo: Creative Commons, credit: Skeeze
European steel mill on the run. Photo: Creative Commons, credit: Skeeze
Published by
Markku Björkman - 27 Jun 2018

The EU will take provisional measures to prevent imported steel and aluminum from rinsing over Europe, as US customs force for exporting countries to find new consumer markets for their products. Such measures may be in place as of mid-July, EU Commerce Commissioner Cecilia Malmström has announced.

"We are seriously considering interim measures, I would say that they may be in place in mid-July. The exact form is still being discussed, Cecilia Malmström said at a press conference recently, according to Reuters.

Steel from the EU, Mexico, and Canada is subject to import duties in the United States of 25 percent and for aluminum, the tariffs are 10 percent.