New risks for the EU metallurgy

The steel industry of the European Union has been struggling for several years with the pressure of cheaper steel from Asia. When China's export offensive seemed at least partially halted, global trade turmoil is coming from a direction no one expected — the United States. American taxes on imported steel and aluminum have caused some of the steel that was originally destined for the United States to seek new markets. The European Union has a long history of anti-dumping duties and uses them very selectively, and changes in flow have become much more dynamic.

It should be feared that surplus products not allowed in the United States will seek new outlets. In the European region, Russian slabs, Turkish rebar and a range of Chinese products pose a threat. To avoid the quick effects of oversupply, the EU should also impose certain obligations for oversupply.

The EU steel industry is also facing cost problems, mainly due to rising carbon dioxide prices, which also affects energy prices.