The European Wire Drawing Committee calls on the EU to take measures regarding the import of galvanized wire
The European Wire Drawing Committee (CET) is appealing to the European Commission for help in limiting the growing import of galvanized wire, Kallanish reports.
The association warns that since 2023, cheap Chinese and Turkish suppliers have captured about 25% of the EU market, which is equivalent to imports of about 200 million euros ($235.3 million). As a result, European manufacturers have faced falling sales and production line downtime, creating a situation that CET calls unsustainable.
CET reports that the sharp increase in imports is severely damaging the industry, which produces about 900,000 tons per year in at least 12 EU member states, generates annual sales of about 750 million euros and directly employs more than 4,000 people. It is seeking urgent measures to restore fair competition and protect the sector that supplies essential materials to Europe's construction, manufacturing and agricultural industries.
It represents manufacturers of steel wire and its products throughout Europe, and its members include associations and manufacturers from Germany, Spain, France, Italy, Poland, Portugal, Sweden, the United Kingdom, and Turkey, which cover most European wire manufacturers.
According to EU trade protection procedures, the Commission can launch an anti-dumping investigation if there is sufficient evidence that import prices are inflated and this causes material damage to EU producers. Such investigations usually last up to 14 months.
Author: Elina Virchenko
Kallanish.com