Local Producers Urge EU to Slash Import Quotas Over Competition Fear

  • Jun 09, 2020 AEST
  • Team Kalkine

European Steel producers are now urging the EU to trim import quota over the fear that it would attract a flood of shipment, which would be another threat for local producers already reeling under weak demand.

  • The steel demand declined by half since March 2020 across the EU, prompting a 40 per cent layoff across the local steel workforce.
  • Furthermore, the World Steel Association anticipates the global demand to decline by 6.4 per cent in 2020, especially due to a decline in demand across North America, EU and Asia.


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