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EU rejects plan for measures against steel from four countries

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EU rejects plan for measures against steel from four countries

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BRUSSELS (Reuters) – European Union governments on Thursday rejected measures to counter dumping of hot-rolled steel from Brazil, Iran, Russia and Ukraine. The European Commission, which oversees trade policy in the 28-member European Union, had set out plans to levy tariffs of up to 33 percent on the steel grade, used in construction and machinery, from the four countries. But EU countries opposed the plan. Some believed the measures were too weak and others regarded them as too strong, EU sources said. The Commission had also proposed that duties should not apply if the product is sold at or above a set minimum price of 472.27 euros (£432) per tonne. This measure was also rejected. The minimum price proposal was opposed also by European steelmakers federation Eurofer, which lodged a complaint against the imports.

(Reporting By Philip Blenkinsop)
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