The trade safeguard measures that are being investigated by the EU are intended to maintain established import flows, not to close the European market to imports, regional steel association Eurofer said on Monday April 23.
The European Commission (EC) started a safeguard investigation into 26 steel products on March 26 with the aim of shielding the region's steel industries from the effects of a possible surge in import volumes. This could be created by material being redirected from the United States because of its recently introduced Section 232 import...