The European Union is set to tighten steel import quotas to reduce inflows by an additional 15% beginning next month to prevent cheap steel from flooding its market, Reuters reported Wednesday, citing European Commission executive vice-president Stephane Sejourne.
Sejourne told Reuters the EU hopes to salvage its own steel industry from cheap imports from Canada, India, and China, at a time when the US is flouting free trade agreements.
"During a period when nobody is respecting WTO rules and everyone refers to national security...the EU can't be the only continent that lets its industry fall apart," Sejourne told Reuters.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。