EU worsens cost pressures for steel

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The steel safeguard measures have been extended for a further three years by the European Commission.

Official Press Release WindEurope:

Decision to extend EU steel safeguard will worsen pressure on costs

Wind Industry Profile of
Decision to extend EU steel safeguard will worsen pressure on costs

The European Commission has officially extended the steel safeguard measures for a further three years. The decision will add to cost pressures for wind turbine and component manufacturers.

The steel safeguard measures impact two categories of importance to the European wind industry: heavy plate (category 7), used in the fabrication of steel wind towers, and non-grain-oriented electrical steel (NGOES, category 3B), used in motors and generators. The EU’s decisions to extend the measures by three years (rather than one) and to subject quota volumes to an annual increase of just 3% raise serious questions about its strategic commitment to the economic sustainability of steel users such as the European wind industry. “Steel prices have increased... ... More: Official Press Release WindEurope

WindEurope, criticism, steel, pressure, costs, measures, steel safeguard, turbine, component, manufacturer

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