Germany will press for quick action by global steel forum to reduce overcapacity
Altmaier said the European Union was currently discussing setting steel import quotas to prevent a flood of steel.
Germany will press for quick action by a global steel forum to reduce overcapacities in the world market, German Economy Minister Peter Altmaier said on Wednesday, ahead of a June 20 meeting by the Global Forum on Excess Steel Capacity in Paris.
Altmaier said the European Union was currently discussing setting steel import quotas to prevent a flood of steel on the German and European markets as a result of the US decision to impose tariffs on steel and aluminum imports.
He said there was also a possibility that US companies would apply for exemptions for their irreplaceable steel suppliers in Europe.
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