Aperam urges EU Commission to implement Steel Action Plan without delay - Headlines news and analysis from Global Banking & Finance Review
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Aperam urges EU Commission to implement Steel Action Plan without delay

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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Aperam Pushes for Immediate EU Steel Action Plan Execution

By Anna Peverieri

(Reuters) - Luxembourg-based steel group Aperam has urged the European Commission to implement the recommendations of its Steel Action Plan without delay, the group's CEO said on Monday.

Aperam, which makes stainless and speciality steels and alloys, told the Commission that it needed to "apply existing trade defense instruments assertively", CEO Timoteo Di Maulo said in an emailed statement to Reuters.

"We called for swift and decisive action to prevent and address any circumvention of these measures," he added.

Aperam asked for the introduction of a long-term measure that offers robust and effective protection for the EU steel industry, to replace the current safeguard mechanism that Di Maulo said was no longer adequate.

European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was speaking to the automobile sector later to discuss how to respond to U.S. tariffs.

The calls aimed to collect data for further counter-measures beyond Brussels' upcoming response to Washington's steel duties, which will be voted on later this week.

(Reporting by Anna Peverieri in Gdansk, editing by Milla Nissi)

Key Takeaways

  • Aperam urges the EU for immediate action on the Steel Action Plan.
  • CEO Timoteo Di Maulo calls for assertive trade defense measures.
  • Current safeguard mechanisms are deemed inadequate by Aperam.
  • EU Commission is collecting data for counter-measures against U.S. tariffs.
  • Discussions with metals and automobile sectors are ongoing.

Frequently Asked Questions

What is the main topic?
The main topic is Aperam's call for the EU to implement the Steel Action Plan to protect the steel industry.
Why is Aperam urging the EU Commission?
Aperam believes current safeguard mechanisms are inadequate and seeks robust protection for the steel industry.
What actions are being discussed by the EU?
The EU is discussing counter-measures against U.S. tariffs and collecting data from industry sectors.

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