EC Initiates Investigation to Decide Steel Safeguards Extention
Europe Steel SafeguardsEPHA

EC Initiates Investigation to Decide Steel Safeguards Extention

The European Commission has initiated an investigation to assess whether the safeguard measure currently in place on imports of certain steel products

The European Commission has initiated an investigation to assess whether the safeguard measure currently in place on imports of certain steel products should be prolonged beyond 30 June 2021. The initiation of this investigation follows a duly substantiated request received from twelve EU Member States. The Commission will in its investigation determine, in accordance with the requirements of EU and WTO rules, whether the safeguard measure continues to be necessary to prevent or remedy serious injury to the EU steel industry and whether the industry is adjusting. The investigation will also include a Union interest assessment. The investigation will be concluded by the expiry date of the existing safeguard measure on 30 June 2021.

All interested parties have 15 days to make their views known, and subsequently will be able to cross-comment on other parties' submissions. The Commission has also issued questionnaires to EU producers to assess their economic situation. The Commission will thoroughly assess all information received in the course of the investigation. It will subsequently make a proposal to Member States for a vote. The proceeding will also include consultations with third country governments. A decision will have to be taken before the end of June 2021.

The Commission introduced a provisional safeguard measure on imports of certain steel products in July 2018. The measure aimed to prevent economic damage for EU steel producers, given the risk of further import increases linked, inter alia, to the introduction of trade restrictions by the US on steel products. The Commission confirmed the measure, which is fully in line with WTO commitments, in early 2019 for a period until end of June 2021. It takes the form of Tariff-Rate-Quotas reflecting traditional trade flows, which is applicable to imports into the Union of each of the 26 product categories comprising the product concerned. Where the relevant tariff-rate quota is exhausted, an additional duty of 25 % is levied on the net free-at-Union-frontier price.

1. Non Alloy and Other Alloy Hot Rolled Sheets and Strips

2. Non Alloy and Other Alloy Cold Rolled Sheets

3. (A, B) Electrical Sheets (other than GOES)

4. (A, B) Metallic Coated Sheets

5. Organic Coated Sheets

6. Tin Mill products

7. Non Alloy and Other Alloy Quarto Plates

8. Stainless Hot Rolled Sheets and Strips

9. Stainless Cold Rolled Sheets and Strips

10. Stainless Hot Rolled Quarto Plates

12. Non Alloy and Other Alloy Merchant Bars and Light Sections

13. Rebars

14. Stainless Bars and Light Sections

15. Stainless Wire Rod

16. Non Alloy and Other Alloy Wire Rod

17. Angles. Shapes and Sections of Iron or Non Alloy Steel

18. Sheet Piling

19. Railway Material

20. Gas pipes

21. Hollow sections

22. Seamless Stainless Tubes and Pipes

24. Other Seamless Tubes

25. (A, B) Large welded tubes

26. Other welded pipes

27. Non-alloy and other alloy cold finished bars

28. Non Alloy Wire

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