After today’s announcement that the European Commission will impose safeguard measures on certain steel products, European Aluminium calls on the Commission to monitor import surges vigilantly and defend its industry against an influx of aluminium imports if proven necessary.
“The Commission has received overwhelming support for this vital safeguard measure from both member states and business”, said Axel Eggert, Director General of the European Steel Association (EUROFER). “The measure will go someway to ensuring the continued stability of the internal market for steel and ensure that EU steel producers do not suffer extreme surges of imports of steel deflected away from the now constricted US market”.
Today the European Commission is announcing provisional safeguard measures concerning imports of a number of steel products. These measures will address the diversion of steel from other countries to the EU market as a result of the recently imposed US tariffs. The safeguard measures will come into effect on Thursday 19 July. Traditional imports of steel products will not be affected.
Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: “European economic activity remains solid with 2.1% GDP growth forecast for the euro area and the EU28 this year. Nevertheless, the downward revision of GDP growth since May shows that an unfavourable external environment, such as growing trade tensions with the US, can dampen confidence and take a toll on economic expansion.”
Question for oral answer to the Commission (Rule 128) by Czesław Adam Siekierski, on behalf of the Committee on Agriculture and Rural Development and Bernd Lange, on behalf of the Committee on International Trade on the US attack on the EU’s CAP subsidies.