The "melt and pour" requirement introduced by the regulation will apply from October 1, 2026. The European Commission must adopt detailed implementation rules indicating the necessary evidence by August 31, 2026. By June 30, 2028, the Commission must, based on the information collected in accordance with the "remelting and pouring" requirement, assess, is it necessary to specify the country of "melting and pouring" as the basis for benefiting from the tariff quotas provided for in these regulations? Based on this assessment, the Commission may submit a legislative proposal to the European Parliament and the Council.
By June 30, 2027, the Commission should assess the need for amendments to the volume of products, taking into account, in particular, whether it should cover additional products that are made of or contain significant amounts of steel, including, as a matter of priority, processed iron and steel products that are not subject to the regulations. If sufficient evidence is gathered during the assessment to substantiate this need, the Commission may submit a legislative proposal to the European Parliament and the Council without undue delay.
By June 30, 2029, and every three years after the decree comes into force, the Commission must evaluate the effectiveness of this decree after extensive consultations with stakeholders throughout the steel value chain.
The decree sets the total annual tariff quota at 18,345,922 tons, while imports within the quota will remain duty-free, and volumes exceeding the quota will be subject to a 50 percent duty, which is a sharp increase from the previous 25 percent protective duty, as previously reported. SteelOrbis. Depending on the product category, the quota will be reduced to 90 percent. However, the details of the distribution of quotas for specific countries have not yet been announced. Market sources believe that 2013 volumes will be indicative for quota volumes for specific countries.
According to the statement, global excess steel production capacity is expected to grow from 602 million tons in 2024 to 721 million tons by 2027. The EU stated that the increase in global
