Source: Reuters
“The European Commission unveiled quotas under the new system to limit duty-free steel imports into the EU, in a move designed to protect the bloc’s steel sector and increase its capacity utilisation. Under the new rules, the European Union’s annual tariff-free import quotas are slashed by 47% to 18.3 million metric tons, while an out-of-quota duty of 50% is introduced for 26 categories of steel products imported into the EU.” (06/30/26)