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EU Enforcement Regulation upgrade
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EUROFER welcomes the Commission’s proposal to upgrade the EU Enforcement Regulation as part of a new priority to strengthen enforcement of the EU’s right under international trade rules (WTO/FTAs). The European steel industry needs an effective dispute settlement/arbitration system, including the possibility to appeal.
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Brussels, 25 June 2024 – The EU decision to continue the steel safeguard for another two-year period is a much-needed step towards ensuring the stability of the steel market amidst the highest levels of import penetration ever recorded in the EU. However, as global excess capacity is projected to increase even further in the coming years, a longer-term solution needs to be developed to address this structural challenge, says the European Steel Association.
Joint Statement
The existential threat posed by worsening non-market excess capacity cannot be ignored.