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German steel mills appealed to extend the EU safeguard measures

12 Feb 2024 13:27 reported by Iona Chen

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According to the report, the German Steel Union Stahlallianz appealed on the government to create fair competition conditions for the domestic steel industry, strengthen Germany's position as a steel power and create a better investment environment

The Stahlallianz seek to extend safeguard measures on steel imports, which were due to expire in June 2024, until mid-2026 to avoid trade damage. They also required steel products to be included in the CBAM (carbon border adjustment mechanism) to protect European steel products.

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