Press release
The European Union has released the "Steel and Metals Industry Action Plan" to counteract the impact of US tariffs
In terms of strengthening and protecting European industrial capacity, the European Commission proposed to tighten the current steel safeguard measures from April 1, 2025. The current safeguard measures use a steel import quota mechanism, with imports exceeding the quota subject to a 25% tariff.
The Commission also stated that, given the current steel safeguard measures will expire in June 2026, it plans to propose legislative proposals in the third quarter of 2025 to introduce new trade measures to replace the existing safeguard mechanism, providing stronger protection for the EU steel industry.
The European Commission also indicated that it is ready to use trade protection tools against unfair trade practices in other metal industries.
It is reported that the EU steel industry is spread across 22 member states, with about 500 production sites and providing more than 2.6 million jobs.
On March 12, the US officially implemented a 25% tariff on all imported steel and aluminum. The EU announced on the same day that it would impose retaliatory tariffs on 26billionworthofUSgoods(1euro≈1.09).
From : https://www.sinosteel-pipe.com/en/blog-5580811064969619.html
Sinosteel Stainless Steel Pipe
email: contact@sinosteel-pipe.com
Address: No.7, Huitong Industrial Park, Jinzhong Development Zone, Shanxi Comprehensive Reform Demonstration Zone, Jinzhong, Shanxi, China 030600
Sinosteel Stainless Steel Pipe is the Manufacturer and Supplier of Stainless Steel Pipe and Special Alloy Pipe, Steel pipes with an outer diameter from 8mm to 3600mm, with wall thicknesses from 0.2mm to 120mm. Factory covering an area of 333,000 square meters. Production capacity reaches 200,000 tons.
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