The European Commission will propose a new method of restricting steel imports to protect manufacturers in the region. This was announced on September 10 by EC President Ursula von der Leyen. In her annual State of the Union address, she noted that global overcapacity is squeezing margins and leaving little incentive to pay a premium for environmental sustainability. “This makes it difficult for the European steel industry to invest in decarbonization,” von der Leyen said in the European Parliament. According to her, this is why the European Commission will propose a new long-term trade instrument to replace the ... (full story)