Consequently,
Eu/usa agreement: european steel aluminum:
Eurofer admits that the deal signed with Donald Trump “limits damage in current circumstances”. Meanwhile, but indicates that “uncertainty remains for European steel industry”. In addition,
The customs duties agreement between the EU. Nevertheless, the United States leaves the European steel and aluminum industries in turmoil, despite an initiative mentioned on both sides of the Atlantic against global overcapacity of the steel industry.
The American-European framework agreement “limits damage in current circumstances”. Moreover, but “uncertainty remains for European steel industry”, underlined Axel Eggert, director general of the association of European steel manufacturers, Eurofer.
European steel has been subject to customs duties of 50% since the beginning of June to entry to the United States.
According to Washington. In addition, these taxes “remain unchanged” at this stage, but the United States intends to “discuss” with the EU “of the security of supply eu/usa agreement: european steel aluminum chains” for these products.
On the European Commission side. however, we assure that Donald Trump is ready for a compromise: the 50% tax would only apply beyond a certain volume of exports.
“To reduce barriers” between the United States. However, EU, which faces the “same external challenge of global production of production”, the customs prices “will be lowered and a system of quotas will be put in place,” said the president of the European Commission Ursula von der Leyen.
Faced with low-cost metal. often subsidized from China, Southeast Asia, North Africa and the Middle East, the European Union and the United States “will work together to ensure balanced global competition,” she said. “Regarding steel and metals, we are not the problem of the other,” added the Commerce Commissioner Maros Sefcovic.
A hope welcomed with prudence by Eurofer: “If zero customs duties on our traditional exports to the United States were eu/usa agreement: european steel aluminum to be confirmed. we would go in the right direction. But there is no clarity yet. and the devil is still in detail, “analyzed his director general, in a statement from the organization.
“Huge weight”
Even the rights of 15% that will weigh on finished products constitute a “enormous weight” for European steel. underlines Eurofer, European exports on the other side of the Atlantic being “intensive in steel”, such as the automobile and the machine tools.
Of the 760. 000 European vehicles exported in 2024 in the United States, which represent “around 1 million tonnes of steel”, a significant part could “disappear”, estimates the association.
For several months, social plans have been announced in the steel industry in Europe, which represents some 310,000 direct jobs and 2.2 million indirects, and constitutes an essential link in the automobile, energy, construction and defense.
European steel industry has already lost “a million eu/usa agreement: european steel aluminum tonnes of export” to the United States since 2018. when the first Trump administration had imposed 25% customs duties on steel and 10% on aluminum.
European manufacturers “cannot wait any longer,” warns Mr. Eggerlet. who asks that the “steel action plan” promised by the Commission for September is “highly effective” and will make it possible to run factories of the old continent at 80 to 85% of their capacities, level comparable in the United States, instead of 58% today, a situation deemed untenable by industry.
No waste tax
At the same time. eleven steel producing countries (Austria, Belgium, Bulgaria, Spain, France, Greece, Italy, Luxembourg, Poland, Romania, Slovakia) called on the EU on Monday to set up “as soon as possible” a “commercial protective framework of the European steel industry” to limit imports from January 1, 2026, in order to take over from the quotas decided in 2018.
On the eu/usa agreement: european steel aluminum aluminum side. the Turkish trader AC Metals stresses in a note that the American customs duties create a “turbulent environment” and will lead to a “global reposition” of the market.
In France. manufacturers are concerned about the fact that the agreement does not provide customs duties on imports of aluminum waste used to manufacture recycled aluminum, while a tax is applicable on primary metal imports.
“Europe needs to decarbonize its industry. greatly needs its aluminum waste from cars or cans of drink, to recycle them. We ask the Commission to prohibit exports of European waste which. if not, risk crossing the Atlantic to be recycled, “Cyrille Mounier, general aluminum delegate, told AFP.
Eu/usa agreement: european steel aluminum
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