EFTA Document EFTA01385467

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite The European Union (EU) & Other Europe The EU manufactured 162.0mn mt of steel and consumed 172.1mn mt in 2016 resulting in a steel deficit of 10.0mn nit. Like North America (NA), the EU is vulnerable to unfairly-traded steel imports and steelmakers in the region have also sought refuge from the government to enforce tariffs to counteract these imports. The EU was slower than the U.S. to respond to surging steel