Head of the German Steel Association urged EU not to allow flooding of the market with foreign steel

The introduction of the US steel duties has led to an increase in the volume of this metal in the European market, as some producers redirect their products to the EU countries. This was stated by the chairman of the Economic Association of Steel Producers of Germany, Juergen Kerkhoff, Reuters writes. The head of the German Steel Association urged the European Union to take measures to prevent the flood of the European market with foreign steel. He suggested introducing, for example, their own quotas and duties. Despite the fact that the US has extended the EU's release from duties until June 1, the EU requires constant release from them. Germany calls on the EU countries to conclude a trade deal with the US, which will be beneficial to both sides.

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