The company emphasized that the regulation is critical for the survival of the European steel industry and the long-term security of the manufacturing sector. Record levels of steel imports into Europe are putting significant pressure on EU steel producers.
With the implementation of the new tariff quota, ArcelorMittal aims to assure producers and distributors of uninterrupted steel supply. The company is preparing to increase production at its facilities across Europe and anticipates demand shifts that the tariff quota regulation may create. Through these measures, ArcelorMittal will be able to respond swiftly to customer demand, maintain supply chain stability, and simultaneously contribute to employment and economic value in Europe.
Geert Van Poelvoorde, CEO of ArcelorMittal Europe, acknowledged that some steel users have concerns about the new trade tool’s potential effects, such as supply shortages, price volatility, and access to specialized products. Van Poelvoorde emphasized that steel produced in Europe is sufficient to meet demand, stating, “We are ready to increase production accordingly.”
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