EU expresses concern over US steel ruling

The EU has expressed its concern over the ruling by the US International Trade Commission (ITC) which claims that foreign steelmakers have been flooding the US market with cheap imports. EU Trade Commissioner Pascal Lamy views problems in the US steel industry as resulting from its failure to adjust to new market realities. He has made it clear that if the US introduces any barriers to foreign steel imports the EU will immediately take its case to the WTO.