This infographic shows why the EU needs the EU steel safeguard - and why it needs to work. Steel is an intensively traded product in a market suffering from significant global overcapacity. This is affecting the financial and economic sustainability of the steel sector.
The safeguards are a justified trade policy response to import surges caused by external factors. The quota itself is based on the average volume data from 2015-2017. The quota increased by 5% in February 2019 and is schedule to increase by another 5% in July 2019. This expansion of the quota size is independent of the growth of the overall EU steel market.
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How global overcapacity is destroying European industries
European Steel in Figures 2025 is EUROFER's statistical handbook, laying out in an easy-to-use format the key statistics and data about the performance and footprint of one of Europe's most important strategic sectors
A snapshot of Europe’s steel industry in motion, with EUROFER at the forefront in a time of policy shifts and global uncertainty
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
