EUROFER urges EU to take action against cheap steel imports

19/11/2008 12:00 - 672 Views

EUROFER recently said that European Union must remain vigilant and take necessary action to prevent a sudden influx of cheap steel imports from countries that have failed to curtail production in line with weaker demand.

Mr Gordon Moffat director general of EUROFER said that "In today's highly fragile market situation, the risk of opportunistic export surges to the EU from third countries which have failed to address their massive excess capacities is an imminent threat. We are therefore calling for the European Commission and the Member States to remain vigilant and to take the necessary action in the event of market disrupting import flows."

EU is reviewing three separate antidumping steel cases at the moment. Imports of products related to those three cases have decreased but imports of hot rolled coil, cold rolled coil, and organic coated steel products increased in September to well above the monthly peak levels of 2007.

EUROFER spokesman said that Chinese steel imports have played a distinct role in the September import rise.

November 12, 2008

Source: steelguru.com