Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association said on Monday November 1.
The US authorities made theannouncement, on Saturday October 30."State-supported steel production and capacity built with CO2-intensive technologies contribute significantly to climate change. The global steel industry is responsible for almost 10% of direct and indirect CO2 emissions globally, while the less-CO2-intensive EU steel industry accounts for only about 0.5%. The arrangement between the US and the EU is, therefore, the first important commitment toward...