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Summary of Recent EU Trade Measures on Steel

1. Extension of the EU Steel Safeguard Measure

  • Date Announced: The intention to extend the measure was announced on Thursday, following the notification to the WTO on Tuesday, 28 May 2024.
  • Duration: The safeguard measure will be extended until mid-2026.
  • Purpose: This measure underscores the EU’s commitment to protecting its domestic steel industry, emphasizing the importance of factual and realistic considerations.

2. Extension of Anti-Dumping Measures on Stainless Steel Tubes from China

  • Date Announced: Friday, with the regulation dated 30 May 2024.
  • Measure: Anti-dumping duties ranging from 48.3% to 71.9% on imports of certain seamless pipes and tubes of stainless steel originating from China.
  • Regulation Reference: Commission Implementing Regulation (EU) 2024/1475.

These measures highlight the EU’s ongoing efforts to shield its steel industry from unfair trade practices and ensure a level playing field for its domestic producers. Further details, especially regarding the rationale behind these decisions, will be provided once the European Commission releases the official statements.

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