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EU Set to Unveil Tougher Steel Tariffs as German Industry Offers Conditional Backing

Industry leaders frame support as contingent on swift relief from high electricity costs.

Overview

  • The European Commission will present plans in Strasbourg to cut duty‑free steel import allowances and apply higher tariffs once a cap is exceeded.
  • Commission officials say the measures aim to shield EU producers from Chinese state‑backed overcapacity and the spillover from recent U.S. levies.
  • BDI president Peter Leibinger described resorting to protectionist tools as a political and strategic necessity.
  • Wirtschaftsvereinigung Stahl head Kerstin Rippel called for durable power‑cost relief plus preference for EU firms in public procurement.
  • VDMA chief Thilo Brodtmann warned that steeper duties could lift input prices and weaken the international competitiveness of machinery makers.