The general director of Siderex, Cluster Association of Siderurgy, Asier San Millán, has expressed his fear that Asian countries choose Europe, given the impossibility to do this with the US and lower prices. The American market is the third customer of the Basque Siderurgy sector.
The sector of the Basque steel With fear that are derived from the imposition of 25 % rates for steel and aluminum by the United States, especially see the effects that the Asian countries “ultimately flood” the European market Given the impossibility to do this in the US
As explained by the Director -General of Siderex, Association Siderurgy cluster” Asier San MillánAn interview with Radio Euskadi is about “steel Low (low costs), which do not comply with the same rules of the game as the US “, which would” entail an important overload on the European market “and consequently, and consequently, “A price decrease”.
Given this, San Millán claimed Brussels that “already place the batteries” and “your hardening hardened protectionist In a fast and effective way. ”
San Millán has clarified that these new rates “do not change the situation with regard to what we have previously lived with the first mandate of Trump and Biden”, and that is that the Republican President already established taxes in 2018, and the Democrat is not Ely eliminated.
For Siderex it is “clear” that some Basque steel companies “will suffer more than others.”
The US is the third customer for Euskadi, after Germany and France, according to data from Siderex.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
