0706 GMT - Aperam says it approves the European Union's plans to address overcapacity in the European steel sector. The stainless steel producer says overcapacity has placed substantial pressure on European producers, undermining fair competition and an efficient level of capacity use within the region. The EU's decision to set import quotas at a level reflecting the historical share of imports to the European market would make the EU's steel industry more competitive, Aperam says. The 50% levy that imports above the quota would face is also a necessary measure as it would protect the market from trade deflection, the company adds. (maitane.sardon@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 03:06 ET (07:06 GMT)

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