EU Opens Review of Steel Safeguard Measure

The European Commission on Dec. 17 opened a review of the EU safeguard measure on steel, the Direcotrate-General for Trade announced. The investigation will run until March 31, 2025, and any decision resulting from the proceeding will take effect on April 1, 2025, the commission said. The measure was imposed on certain steel products in 2018 and has been extended twice. It's currently set to expire June 30, 2026, at which time it will have reached the "maximum eight years allowed under EU law and WTO rules," the commission said. "This new review investigation will not impact the duration of the measure."