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Representatives of the steel sector insist on the urgent implementation of the EU Action Plan for Steel and Metals

In this way, the bloc aims to mirror the policies of other jurisdictions, in particular the US

Energy prices remained virtually unchanged over the month

The restrictions cover exports, imports, and financial transactions, with current contracts remaining in force until 2026

During January-August, the industry's production figures fell by 0.8% year-on-year

In January-August, production volumes grew by 7.2% y/y

In August, steel production in the country fell by 10.3% y/y

The duties, which apply to products from Egypt, Japan, and Vietnam, will remain in force for five years

European steel market requires smarter policy, not just protectionism

The bloc also plans to link public procurement to European products

The €170 million project is being implemented in cooperation with Primetals Technologies and Rio Tinto

Paris is also seeking a review of the CBAM before it enters into force