Diplomatic Dialogue Drives Desired Diversity

EUROMETAL has publicly called upon the European Commission to open its dialogue to the broader steel intermediation chain, including service centers, traders & distributors. Board member Julian Verden, also managing director of Stemcor Europe, explained during a telephone interview, “EUROMETAL is fully behind the Commission’s endeavours to support the European steel industry, which we strongly believe is vital for Europe,” yet noted that measures “should not go to the exclusion of imports,” urging a fairer balance.

Perspicacious Plea Prioritises Participatory Policy

Verden argued that traders & distributors play a pivotal role in the steel ecosystem, employing thousands and contributing significant taxes. He suggested the Commission should design new measures “similar to existing measures” but through consultation, instead of relying solely on producer perspectives. “We are happy to work to help propose optimal solutions so that the EC is not just hearing the steel producer side,” Verden emphasised, signalling EUROMETAL’s readiness for constructive dialogue.

Sceptical Stance Shuns Steep Safeguard Suggestions

When asked about Eurofer’s rumored request for a 50% rise in safeguard duties & substantial quota cuts, Verden responded with firm scepticism. “Doubling the existing 25% duty is unreasonable and would worsen the challenges faced by end customers,” he explained, highlighting ongoing market hardship. He accepted that “some changes and reductions in volumes could be reasonable” but insisted that “a 50% reduction is unjustified,” as the market decline has only been around 15%.

Pragmatic Perspective Proposes Proportional Protection

Rather than blanket increases, Verden recommended proportionate adjustments reflecting real demand changes, which would prevent further pressure on end users. He warned that excessive duties risk harming Europe’s downstream sectors, adding, “We’re seeing real hardship,” particularly for smaller players who rely on balanced trade flows to keep costs manageable.

Transatlantic Tariffs Trouble Trade Trajectory

The conversation turned to the enduring impact of US tariffs introduced under the Trump administration, which still affect European raw material exports like pig iron & semi-finished products. Verden noted, “If tariffs remain in place, they could lead to significant challenges for European traders selling to the US,” driving up costs for American steelmakers and possibly fuelling lobbying pressure in the US to ease those restrictions.

Collective Consensus Cultivates Continued Collaboration

Verden concluded by reinforcing EUROMETAL’s commitment to work alongside the Commission for pragmatic, fair solutions. He stated, “We strongly believe collaboration is the only way to balance protection with competitiveness,” reminding policymakers that a resilient steel supply chain depends on cooperation, not division. EUROMETAL’s call aims to ensure policy supports the entire value chain, not only producers.

Key Takeaways

• EUROMETAL urges the European Commission to include traders & distributors in trade measure talks.

• Board member Julian Verden opposes doubling safeguard duties & large quota cuts.

• US tariffs still challenge European raw material exports, affecting costs & competitiveness.