EUROFER PREDICTS JOB LOSSES OVER TRUMP DUTIES
March 1st, 2018
EUROPEAN steel association EUROFER’s communications director Charles De Lusignan told Metal Bulletin on March 13 that the impact of the USA’s steel and aluminium duties through a loss of US exports, combined with a surge of EU imports, could force EU steel producers to reduce production by more than 10 million tonnes. This would mean direct job losses of up to 20,000 and indirect job losses of up to 140,000. For the US, he cited an assessment led by former acting director of the Office of Economics at the US International Trade Commission, Professor Dr. ...
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