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Julia Payne
Mon, Mar 17, 2025, 7:28 AM 1 min read
By Julia Payne
BRUSSELS (Reuters) -The European Commission plans to analyse imaginable safeguards for its aluminium manufacture to antagonistic the interaction of U.S. tariffs and suggest export duties connected European scrap metals exports to enactment up its shrinking industry, a draught of the alloy enactment program showed.
The EU already has safeguards, which see import limits, successful spot for alloy and it launched a probe for alloys successful December.
"EU producers mislaid important marketplace stock implicit the past decennary and, successful addition, astir 50% of superior accumulation capableness remains curtailed since 2021," the draught papers said.
"The precocious announced US tariffs connected aluminium are apt to worsen the concern further with a important menace of commercialized diversion from aggregate destinations."
The Commission volition besides marque a caller connection for a commercialized measurement for alloy "based connected tariff complaint quotas" to regenerate the existing ones expiring connected July 1, 2026.
The Commission plans to suggest export duties and restrictions connected scrap metallic exports successful the 3rd 4th this year. People acquainted with the substance said the Commission was weighing export duties of up to 25% connected scrap metal.
The alloy and metals enactment program is owed to beryllium announced connected Wednesday and whitethorn inactive beryllium amended earlier then.
(Reporting by Julia PayneEditing by Tomasz Janowski)