Europe’s steelmakers are urging EU leaders to take a tougher stance on unfair trade to help preserve the industry on the continent at a time when it is under pressure from cheap Chinese imports.
In a letter seen by the FT, top executives from more than 50 companies - including ArcelorMittal, Tata Steel and ThyssenKrupp - have called on member states to bolster the bloc’s trade defences.
With China seeking the coveted status as a “market economy” in trade disputes, which opponents warn would give Beijing a “licence to dump”, European steelmakers also want Brussels to adopt a position similar to the US by refusing any status that would allow dumping.
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