According to Reuters, the EU is preparing to reduce quotas for steel imports and double the tariffs for excess volumes to 50 percent, which is aimed at protecting the EU steel industry from the global excess of capacities and subsidized imports, especially from China. New measures that are expected to be made public on October 7, bring the EU trading policy to the US trade policy.
, This initiative is part of a wider package of the steel industry, which will be officially represented in early October.
Henrik Adam, the President of the European Steel Association (Eurofer), said that the Commissioner Stefan Sejurne assured the steel associations and unions that their problems were understood, although they were understood, although they were understood, although their problems were understood, although they were understandable He did not share the details of the policy.
current quotas
Import steel in the EU is currently regulated by protective quotas, the duration of which expires in mid -2026 in accordance with the Rules of the WTO. The manufacturers of steel argue that existing quotas are already 26 percent higher than the initial levels in 2018, despite the drop in demand, which makes the industry vulnerable.
consent with the USA and Canada
The proposed measures will lead the proposed measures to lead the proposed measures. The EU in accordance with the tariffs of Canada and the United States, although the United States applies its 50 percent tariff from the first ton
