Officially launched on the evening of Monday 23 February, the interinstitutional negotiations on safeguard measures for European steel need to be concluded as quickly as possible before 30 June, when the current measures expire.
As the European Commission pointed out in a press release, the proposal aims to anticipate the negative effects on the EU steel market of “unsustainable” levels of global overcapacity, which are expected to reach 721 million tonnes by 2027 (around five times...