ArcelorMittal Awaits Introduction of New European Tariff Quota
ArcelorMittal calls for the urgent implementation of the new tariff quota announced by the European Commission in October 2025, which is essential for the steel industry in Europe, the group states.
Impact of Steel Imports on European Industry
According to ArcelorMittal, steel imports into the European Union are reaching record levels, causing significant damage to the continent's steel industry. The group believes that the new tariff mechanism proposed by the European Commission is crucial for the survival of this sector and the long-term security of manufacturing production in Europe.
Production Increase in Response to Tariff Quota
The company, ArcelorMittal, plans to increase production at its European facilities to meet the anticipated changes in demand related to the introduction of this tariff quota. This aims to ensure a rapid response to demand and maintain the stability of the supply chain, while contributing to the maintenance of employment and the creation of economic value in Europe.
CEO Addresses Supply Concerns
Geert Van Poelvoorde, CEO of ArcelorMittal Europe, expressed awareness of the concerns of steel users regarding potential supply shortages, price volatility, and access to specialized products following the implementation of this trade tool. He assures that the company is prepared to meet the demand of European customers with steel produced in Europe.
