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2h ago

EU to Halve Steel Import Quotas and Raise Above-Quota Tariffs to 50%

Brussels seeks to shield producers from China-driven gluts by aligning its defenses with North American measures.

The European Union will unveil new measures on Tuesday to protect the steel sector that will replace the current 'safeguard clause'
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Overview

  • The European Commission will unveil the steel package on Oct. 7, with industry chief Stephane Sejourne presenting it to the European Parliament in Strasbourg on Tuesday.
  • The plan would cut tariff‑rate quotas by nearly half and lift duties on volumes above those levels to 50%, matching the U.S. and Canadian stance.
  • Officials frame the move as a response to subsidized Chinese overcapacity that has pressured European prices and margins.
  • Sejourne indicated the proposals would not be temporary, with the new framework intended to replace safeguards that expire on June 30, 2026.
  • Brussels is also studying aluminium safeguards and possible export duties on scrap metal, while pursuing a U.S.–EU "metals alliance" that could ring‑fence TRQs with very low or zero tariffs between partners.