The European Commission submitted a legislative proposal to replace the existing protection system of the EU, introducing a new structure intended to protect the EU steel industry from the negative consequences of global excessive power, which is expected to increase from the current 602 million MT to 721 million MT by 2027, according to the project saw from Stelorbis. The new constant structure, which will replace the current measures that expire on June 30, 2026, will enter into force as of mid -2026.
in accordance with new regulation, the EU will support quotas with tariffs equivalent to tariff tariffs, about 18 percent of the EU Cons Pressent, the production of annual, in general. In general, in the annual level, in general, in the annual level. Having received in the annual level. The volume of imports of the EU will decrease as a result of a decrease in the volume of quota, understands Steelorbis. Quotes will be controlled on a quarterly basis without transportation between quarters in order to avoid flooding in the market. Quotes will also be allocated for a product category based on a share of imports, which each category of product occupied during the period 2022-24. In the case of compliance with the necessary, the European commission may implement quotas or restrictions specific to the country. After these quotas are exhausted, a 50 percent tariff will be applied, compared with the current 25 percent, in accordance with the global tariff levels in order to minimize the risk of separation of trade.
will require importers to declare the country “melt and pour”, confirming where steel was originally prepared in a liquid liquid form to prevent bypass. The adoption of this rule to assess the need to adjust the volume of products and, if they are recognized as necessary, it will consider the consideration of the legislative proposal to add additional steel products, including products manufactured or contains a significant amount of steel. In addition, the commission evaluates the effectiveness of this regulation until July 1, 2031 and every five years after that
