Swiss Steel Firms Fear Cheap, Non-Ecological Imports Amid EU Tariffs
Swiss steel companies are expressing concerns about the potential influx of cheap, non-ecological steel from third countries into the Swiss market due to the EU's intensified import barriers. This worry is particularly relevant as Switzerland is not part of the EU and may not directly benefit from its protective measures.
The Swiss steel industry, including companies like Stahl Gerlafingen, fears increased pressure from cheap imports. Stahl Gerlafingen, the only Swiss steelworks producing high-quality steel from shredded scrap for the domestic construction industry, warns about the threat. Despite exporting a portion of its quality steel to neighboring countries and considering quotas crucial, the company is not immune to the challenges posed by the EU's tariffs.
To secure steel production and supply security, the federal parliament's support measures for domestic steel production must be implemented promptly. Although Stahl Gerlafingen is less affected by customs after shutting down its export-quality profile steel line last year, the company still faces challenges. Despite the new EU tightening, Stahl Gerlafingen has no plans to relocate production from Switzerland to the EU.
Swiss steel companies must address the potential threat of cheap, non-ecological steel imports. Quick implementation of federal support measures and strategic responses, such as promoting environmental standards, lobbying, product diversification, and cooperation, are crucial for the industry's survival and the country's supply security.
