Southeast Asia Information Port News (www.dnyxxg.com) – The European Union announced on the 18th that it has decided to implement final safeguard measures on certain imported ferroalloys to protect its ferroalloy industry.
According to a statement released by the European Commission that day, the final safeguard measures will last for three years, until November 17, 2028. During this period, the EU will set tariff quotas and minimum import prices for the listed ferroalloys. If exports of related products to the EU exceed the tariff quotas and the price is lower than the minimum import price, the EU will impose safeguard tariffs.
Ferroalloys are key materials for improving the hardness, tensile strength, wear resistance, and corrosion resistance of steel, and are widely used in industries such as steel smelting, construction, automobiles, aerospace, and military. In December 2024, the EU initiated a safeguard investigation on ferroalloys such as ferrosilicon. The investigation concluded that a large influx of ferroalloys into the EU market "seriously damaged" the EU's ferroalloy industry.
The investigation results stated that from 2019 to 2024, EU ferroalloy imports increased by 17%, causing the market share of EU producers to drop from 38% to 24%. Historical data shows that the EU mainly imports ferroalloys from countries such as Norway, Iceland, Kazakhstan, and Brazil. Since Norway and Iceland are part of the European Economic Area (EEA) along with the 27 EU member states, the European Commission stated in a press release on the 18th that, in order to reduce the impact of the final safeguard measures on European supply and value chains, the Commission will hold consultations with Norway and Iceland every three months to assess the impact of the final safeguard measures. (End)
