Home
About Us
EU to cancel Brazilian steel quotas for stainless steel & steel profile
21/08/2019 12:00
It was reported that the European Union (EU) has canceled the Brazilian steel quotas for stainless steel and steel profile from its proposal for adjusting the current safeguard measures on steel imports. The European Commission (EC) submitted the latest plan to the World Trade Organization (WTO) last week, and it said that the adjustment was to make the measures to fully meet WTO rules.
The cancellation of steel quotas for Brazilian stainless steel and steel profile can raise the market share of both products, especially for stainless steel due to its high added value, according to Marco Polo de Mello Lopes, the president of Brazil Steel Institute (Instituto Aço Brasil, IABr).
The EC said that this proposal will be implemented in October 2019 after the discussion of the affected WTO members and the approval by the EU member states.
The cancellation of steel quotas for Brazilian stainless steel and steel profile can raise the market share of both products, especially for stainless steel due to its high added value, according to Marco Polo de Mello Lopes, the president of Brazil Steel Institute (Instituto Aço Brasil, IABr).
The EC said that this proposal will be implemented in October 2019 after the discussion of the affected WTO members and the approval by the EU member states.
Source: Yieh Corp
Các tin khác
- MoIT tightens 'Made in Viet Nam' criteria to combat trade fraud (12/06/2026)
- Viet Nam receives AD petition against Chinese prestressed steel bars (12/06/2026)
- India’s anti-dumping shield on Asian aluminium foil to stay up through 2026 (12/06/2026)
- Amended Customs Law: Removing 'bottlenecks' to help businesses accelerate import and export (12/06/2026)
- Expanding export markets in the era of integration (12/06/2026)
