Aperam: EU’s current quota to bring huge import pressure to H2 market
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Update time : 2020-08-07 17:00:50
The European Commission decided to make country quotas for each quarter; however, Aperam, a stainless steel manufacturer bases in Luxembourg, though that the commission had to adjust the quotas measure in line with the demand situation in the European market caused by the COVID-19 epidemic.
According to Aperam, the EU’s current quota allowed the imports dumped into the EU countries by third countries to solve their oversupply, which will severely injure domestic employment.
In addition, the firm foresaw that the unrevised import quota of hot-rolled stainless steel flat products of the EU’s third country will bring huge import pressure to the market in the second half of this year.
