EU States At Odds Over Steel Tariffs Against Russia, Brazil

European Union governments rejected the bloc’s proposed measures to levy punitive tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine on Thursday, with some member states considering the measures too lax, others too tough. 

European steelmakers have accused the four countries of dumping the steel used in construction and machinery and the European Commission, which oversees trade policy in the 28-member European Union, had set out plans to levy tariffs of up to 33 percent. 

It had also proposed that duties would not apply if the product was sold at or above a set minimum price of 472.27 euros ($568) per tonne.