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EU rejects measures against Iran's steel industry-The 19th China (Guangzhou) Int’l Spring Industry Exhibition
9/13/2017 彈簧展-Spring Industry Exhibition-Spring expo |
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FNA reported that Iran’s steel exports to Europe are now safe from punitive measures after EU governments rejected hitting imports from the country with trade tariffs. The European Commission, which sets out trade policy in the 28-member European Union, had proposed duties of up to 23% for steel from Iran''s Mobarakeh Steel Company.
European steel lobby group Eurofer was at the center of the campaign, which had also proposed plans to levy tariffs of up to 33% on imports of hot-rolled steel from Brazil, Russia and Ukraine.
But EU countries opposed the plan, with some members believing the measures were too weak while others regarded them too strong.
Eurofer’s complaint against MSC was that Iranian exports of hot-rolled steel, used in machinery and construction, to Europe had leapt to more than 1 million tons annually, accusing Mobarakeh of "trade distorting measures."
Europe’s tough stance, including its more than 40 restrictive measures aimed at aiding European steel producers, has already sparked accusations of protectionism from international steel exporters.
Steelmakers across Europe are faced with mass redundancies because of their high energy costs. Their leaders say the 320,000 jobs in the European steel industry are at risk from imports.
Iranian producers exported 4 million tonnes of steel last year.
Iran produces 16 million tonnes of steel a year, which the country plans to raise to 55 million tons by 2015. A statement on the website of the Iranian Mines and Mining Industries Development and Renovation Organization expects exports to hit 20-25 million tonnes by 2025.
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Industry Exhibition
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