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EU steel lobby wants urgent action as US tariffs threaten market

( June 4, 2025, 15:54 GMT | Official Statement) -- MLex Summary: Axel Eggert, Director General of the European Steel Association, or Eurofer, has called for the swift implementation of the EU’s promised "highly effective trade measure" in light of the increase in US blanket tariffs on steel to 50 percent. With overcapacity and import penetration at record highs, Eggert indicated that 27 million metric tons of steel originally going to the U.S. will most likely be redirected to Europe, putting the EU steel industry at risk of collapse. Eggert also backed a negotiated EU-U.S. solution to preserve EU exports. Statement is attached. ...

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