EU tariff plan deals additional blow to Korean steelmakers - The Korea Times

Contributing sentiments towards policy:

60% : With the EU tariff coming, Korea's negotiations with the U.S. continued this week during the Chuseok holiday.
57% : Minister of Trade, Industry and Energy Kim Jung-kwan traveled to Washington on Oct. 3 and returned Monday, saying he and his U.S. counterpart Howard Lutnick will continue discussions through a subsequent meeting.
54% : According to the Korea International Trade Association (KITA), Korea last year exported 3.93 million tons of steel worth $4.48 billion to EU nations.
53% : Although it's not easy for Korea to draw an agreement from the EU to earn an exemption from the new tariff plan, we can rely on the 2011 Korea-EU Free Trade Agreement and fact that we export high-quality, low-carbon steel to the region.
46% : Concerns are mounting that the plan targets hot rolled steel, cold rolled steel and galvanized steel, accounting for 55 percent of Korea's total steel exports to EU nations.
45% : Seoul, which remains in a dispute with Washington over tariffs on key sectors including steel, now faces the additional task of negotiating with the EU to mitigate the impacts to domestic businesses.
43% : With imported steel in EU nations likely to be available at a higher price, German carmakers may see higher manufacturing costs.

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