The European Commission will publish an action plan to deal with unfair trade measures imposed on the steel sector by international competitors, and revisit import limits set during the steel trade spat which began during the last Trump administration, which are due to end in June 2026, the executive announced on Tuesday, “Caspian Energy Media” reports, citing Euronews.
The action plan is slated to be presented by Commission vice-president Stéphane Séjourné on 19 March, just days after the likely date of entry into force – 12 March - of the 25% tariffs announced by Donald Trump on steel and aluminium imports into the US.
The European sector is now not only concerned about “the almost four million tons of EU steel exports every year to the US”, which will be hit by US tariffs, but also about the 27 million tons of global steel imports currently arriving in the US from elsewhere, which will now be deviated to open markets, Axel Eggert, the director general of steel trade group EUROFER told Euronews. Beyond the review of safeguard measures, the Commission’s action plan will also address other challenges the sector is facing, such as high costs of energy and green production methods.