Even if Europe will be exempted from the measures, a US tariff on aluminium from targeted countries will still impact the European industry. European Aluminium estimates that a further 20% of primary aluminium exports and 35% of semi-fabricated aluminium products could end up in Europe due to a redirection of metal flows from third countries.
“The US measures hit us where it hurts most. The European aluminium value chain is already under enormous pressure due to unsustainable Chinese overcapacities. The imposed tariff and influx of additional non-European aluminium could have severe economic consequences for SME’s in countries such as Germany, Italy, France, Spain, Sweden and Central and East European countries.”
“Unilateral measures such as the US tariffs will not effectively address Chinese overcapacities. This global challenge can only be managed effectively through a global and long-term solution based on multilateral rules and common enforcement like a Global Aluminium Forum within G20,” explained Götz.
“We strongly urge the European Commission to act without hesitation by implementing immediate market surveillance and WTO-compatible safeguard measures if proven necessary. We also call on the European Council to hold an extraordinary meeting to endorse these measures. If we do not act immediately, Europe is at risk to lose a strategic industry which is essential to decarbonise the entire economy, make our buildings more efficient and our cars lighter,” Götz concluded.