European steel association Eurofer supports the plan announced by the European Commission (EC) to counter the trade sanctions to be introduced by the United States under its Section 232 rules.
The EU is ready to react proportionately and fully, in line with World Trade Organization (WTO) rules, if the US measures are formalized and are seen to affect the EU's economic interests, the EC said.US President Donald Trump announced the imposition of import duties at rates of 25% on steel and 10% on aluminium on March 1."We welcome the Commission's announcement of a three-pronged approach - and especially that appropriate, sufficient and swift measures will be taken to safeguard the...