European steelmakers are urging Brussels to implement a robust system of tariffs to combat the sharp rise in Chinese steel exports, which have driven prices below production costs across Europe. The call comes as global overcapacity, weak demand, and high energy costs continue to batter the domestic industry.
According to industry leaders and key trade associations, China's steel exports are expected to exceed 100 million tons this year—marking the highest level since 2016. This surge has already sparked trade tensions, prompting several countries to impose import tariffs to shield their markets from cheap Chinese steel.
European producers argue that without stronger protective measures, the future of the continent’s steel industry remains in jeopardy. They are in line with EU policy: better to have more interventions than competition, reduction of regulation and climate nonsense, less fiscal burden and a market driven energy sector.
Chinese steel is so bad. Such bad quality, I dont know why anyone would depend on it.
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PR.China exports it's carbon intensive steel making, its coal use being at all time highs .. EU protests carbon production, use of it , regulating domestic emission, but buys cheaply made steel, smelt in the many coal-fired furnaces of the PR.China.
Well done EU. Well done.
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I don't think regulators are going to do any favour of their own industries in EUSSR. They are so behind on the carbon neutralization!
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