EU Opens Investigation on Extending Steel Industry Safeguards
The European Commission initiated an investigation to assess whether to extend beyond June 30 safeguard measures on imports of certain steel products. The investigation, announced in a Feb. 26 news release, will explore whether the measures continue to be necessary…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
to protect the EU steel industry. In effect since July 2018, the safeguard measures include tariff-rate quotas above which a 25% duty is levied. Companies and individuals have 15 days to publish comments on the safeguard measures, and the commission will issue questionnaires to insdustry stakeholders, the release said. Member states will ultimately vote on the proposal, with a final decision before the end of June.