The trade agreement between the EU and the US to replace Section 232 tariffs with a quota system has received a positive wecome from Europe's long steel producers, sources told Fastmarkets this week.
The European Union and the United States came to an agreement on October 30, although United Steelworkers International president Tom Conway said at the time that the volumes permitted to come in from the EU under the quota system were likely to be lower than the tonnages imported from Europe in 2017 and 2018 - before the 232 tariffs."As regards the steel sector in...