EU Tariffs on Steel Would Affect Slovene Steel Producers More than U.S. Measures

Ljubljana, 26 March - Measures taken by the EU to protect its steel makers from overwhelming steel imports redirected to the EU because of the recently introduced U.S. steel tariffs would affect Slovene steelworks much more severely than the U.S. tariffs, as some 70 percent of steel produced in Slovenia is exported to markets in the EU. Although the Slovene Economics Ministry does not expect major difficulties in the short term, it has already warned Brussels of the consequences that the measures would have on Slovenia, especially towards the end of the year, when the quotas will already have been exhausted, according to Metka Jerina, State Undersecretary at the Economics Ministry.