European steelmakers are urging Brussels to impose US-style tariffs on all imports of the metal, warning the industry risks collapse under pressure from cheap Chinese products and Donald Trump’s high duties.
“We need protection [or] we are not going to survive as a steel industry,” Ilse Henne, a senior executive at Germany’s Thyssenkrupp, told the Financial Times.
The EU’s steel industry was struggling to compete with cheap imports from China and high energy prices even before the US president slapped 50 per cent tariffs on their exports to America earlier this year. Trump’s duties on other countries, particularly China, have raised fears that the EU will be flooded with more cheap metal diverted from the US market.
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