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EU submits Steel Safeguard decision to WTO

The European Commission has recently made significant decisions regarding steel import measures, notifying the World Trade Organization (WTO) and extending existing protections. Here’s a summary of the key actions:

  1. EU Steel Safeguard Measure Extension:
    • The European Commission has announced its intention to extend the EU Safeguard measure on steel imports until mid-2026.
    • This decision was formally notified to the WTO on May 28, 2024.
    • The extension aims to protect domestic steel producers by managing the volume of steel imports to the EU, ensuring a stable market environment.
  2. Anti-Dumping Measure on Chinese Stainless Steel Pipes and Tubes:
    • The European Commission has extended the anti-dumping measure on imports of certain stainless steel seamless pipes and tubes from China.
    • The Commission Implementing Regulation (EU) 2024/1475, dated May 30, 2024, outlines the continuation of anti-dumping duties ranging from 48.3% to 71.9%.
    • This measure is designed to counteract the dumping of these products at unfairly low prices, which harms EU producers.

These actions reflect the EU’s commitment to protecting its steel industry from unfair trade practices and managing the impact of imports on the domestic market. Further details and the European Commission’s official statements will provide more comprehensive insights into the reasons and implications of these measures.

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