The European Commission on Friday notified the World Trade Organization (WTO) of the findings of its safeguard investigation on certain steel products, which started in March, the announcement says.
“This situation was aggravated by the trade diversion resulting from the U.S. restrictive measures on steel taken under Section 232,” the announcement says. “The EU steel industry has not yet fully recovered from the global steel crisis. It is still exposed to further increases of imports and ensuing downward pressure on prices.”
The measures will apply to imports from all countries, including 26 product categories, and will ensure that diversion of steel exports from the U.S. to EU market will be avoided, the EU said.
“The commission intends to make its final decision after consultation with member states and before the provisional measures lapse” on Feb. 4, the announcement says.