Europe is being flooded with steel diverted from the US because of high tariffs, with imports of certain products increasing tenfold since the start of the year, according to a new monitoring system.
Europe’s steel industry has called for Brussels to take urgent measures as the import surge is expected to suppress prices in the EU.
“The time for action is now,” Ilse Henne, chair of the supervisory board of Thyssenkrupp told the FT.
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