On the 27th of the China Iron and Steel Association's website, the China Iron and Steel Association noted that the EU announced on March 26th, 1818 that it had launched an investigation into safeguard measures for imported steel products. This is a complicated issue that the United States has made after provoking incidents. The European Union’s decision will Intensify the unease and instability of the international steel market.
Since 2016, the appearance of China's steel capacity-removing effect has led to the gradual recovery of the global steel market. However, the current measures taken by the United States and Europe will cause confusion in the international trade order. It is hoped that the EU will seriously assess the impact of the United States on the taxation measures on imported steel and adopt prudent safeguard measures. The China Iron and Steel Association is willing to strengthen consultation and communication with the European Iron and Steel Federation and various steel associations and companies to jointly maintain the stability of the international steel market. The Chinese government is called upon to take corresponding measures when necessary. It must strictly prevent imported steel products from increasing its impact on the Chinese market, firmly safeguard the stability of the Chinese market, and safeguard the interests and rights of Chinese steel companies.