Brussels - With the recent accession of ArcelorMittal entities in Belgium, Luxembourg, France, and Spain, as well as the German Steel Accociation, LESS now represents almost 45% of the EU’s crude steel production.
Sheffield - The move comes amid growing concerns over global steel overcapacity and potential redirection of low-cost steel into the European market due to rising U.S. import tariffs.
Brussels - With the United States currently applying 50% tariffs on steel imports, EUROFER warns that around 3.8 million tonnes of EU steel exports are at risk.