9,321.64 TRY BIST 100 BIST 100
5.25 CNY CNY CNY
43.91 EUR EUR EUR
38.20 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

ASSOFERMET criticizes EU protections on steel imports

ASSOFERMET expressed strong disappointment at the European Union's decision to strengthen protection measures on steel imports. The association called for an end to these measures by the end of 2025.

ASSOFERMET criticizes EU protections on steel imports

ASSOFERMET reacted to the European Commission's decision 2024/7515 of 17 December 2024, stressing that this new review is not significantly different from a similar assessment six months ago. The association argued that such regulatory measures restricting imports are far from solving the structural problems in the European steel sector. The main problem in the European steel market is low demand in steel-using sectors, it stated, arguing that this lack of demand cannot be addressed by further import restrictions. Instead, the focus should be on boosting demand and encouraging steel consumption through comprehensive economic policies.

ASSOFERMET indicated that the extension of protection measures would create new uncertainties in the sector and demanded that the current protection measures be lifted before December 31, 2025 and that these measures should not overlap with the Carbon Border Adjustment Mechanism (CBAM), while proposing a more flexible and equal tariff quota system if protection measures continue:

  •  Maintaining the level of import liberalization,
  •  Eliminate country-specific quotas and introduce global quotas based on product categories,
  •  Establish a more flexible management mechanism to redistribute unused quotas every quarter.

ASSOFERMET called on the European Commission to develop structural solutions to increase demand and support the competitiveness of European industry by refusing to adopt protectionist policies, expecting a review of global tariffs on steel and aluminum imports.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Full support for import duty from the Indian Steel Association

Tuesday, April 22, 2025

Italy's steel production increased by 6% in March

Thursday, April 17, 2025

Ferrexpo's record post-war production

Friday, April 18, 2025

Tosyalı to invest TRY 378 Million in solar power plant in Ankara

Tuesday, April 15, 2025

AGPC reinforced its strength with 500 thousand tons of steel pipe production

Monday, April 21, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now