European steel manufacturers reported their views about the EU Steel Action Plan

"On March 21, 2023, the European Commission unveiled an action plan to make Europe's steel sector more competitive and protect it from the effects of tariffs imposed by the US on steel and aluminum imports. The move sparked a reaction from leading industrial players, analysts, and think tanks. European steel producers, long complaining about cheap Chinese imports, warn that the EU Steel Action Plan may divert exports to the US due to tariffs, potentially leading to excessive steel influx in the region."