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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。