On November 29, 2024, 13 EU Member States submitted a substantiated request to the European Commission, calling for a functional review of the safeguard measures on steel imports.
This initiative is a critical response to the growing challenges facing the European steel industry, which include shrinking domestic demand and rising global competition fueled by excess steelmaking capacity.
The joint letter, signed by ministers and senior officials from Belgium, Bulgaria, Germany, Greece, France, Italy, Luxembourg, Austria, Poland, Portugal, Romania, Slovenia, and Slovakia, highlights the urgency of revisiting the current tariff-rate quota system.
These countries emphasized the need for swift action to address the structural and market changes affecting the EU steel industry.
