Steel industry, EU Commission takes action

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The European Commission suggested measures to support the european steel industry sector, in order to overcome its short-term and long-term challenges. First among them, the defense against dramatic increase of exports and unfair trading practices, with 37 anti-dumping measures already imposed, and anti-subsidy measures in place of steel products, 16 of which on steel imports from China.

The Commission will further accelerate the adoption of anti-dumping measures, make addition proposal and speed up the overall procedure and improve efficiency of the current system, asking the co-legislators a swift adoption of the proposal of 2013 to modernise trade defence instruments, crucial to streamline procedures and increase their speed and effectiveness. Many bilateral and multilateral level events will also be organised to underline causes of the problem, in particular tackling global overcapacity, in particular with China, Japan, India, Russia, USA and Turkey.

EU Commission also underlines the relevance of investing in future solutions, technology and people, in order to modernise the steel industry for a more competitive sector, with particular attention on developing breakthrough technologies in areas such as energy efficiency or carbon capture and utilisation, also taking advantage of the many funds available for innovation and research, such as the European fund for strategic investments, the EU structural and investment funds and the Horizon 2020 programme.

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