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German steelmakers requiring stricter EU safeguard measures-The 20th China (Guangzhou)Int’l Fastener & Equipment Exhibition
1/10/2019  紧固件展-紧固件采购会-国际紧固件展-fastener expo
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    German steelmakers asked the amendments to the European Commission’s safeguard measure for steel imports, according to German Steel Federation (WV Stahl). The WV Stahl President said the proposals were not suitable for protecting the regional steel industry due to the redirected steel imports after US’ imposition of duty.

The EU submitted the proposed country-specific quotas for exports to the World Trade Organization (WTO), and set a quarterly quotas for each product for all other countries. Only hot-rolled coil (HRC) had quarterly global quota. 

However, steelmakers were not happy with the plan to rise quota level by 5% in the near future. They saw the increase in quota levels each year would not be able to prevent steel price from dropping like those appeared in the fourth quarter of last year.

The EU members will vote to make the decision for the proposal on January 16th, and the new measure will be effective by February 4th. 紧固件展-2019第二十届广州国际紧固件及设备展览会-巨浪展览 -The 20th China (Guangzhou)Int’l Fastener & Equipment Exhibition - Fastener exhibition,2019 Fastener exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2019 Fastener expo, China Fastener expo, Guangzhou Fastener expo
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