EU unveils new steel import quotas to protect its industry from overcapacity
The new regime caps duty-free steel at 18.3 million metric tons and gives Ukraine a 1.05 million-ton annual quota, officials said.
- On Tuesday, the European Commission announced new global steel quota allocations, restricting tariff-free imports to 18.3 million metric tons effective July 1 to combat global overcapacity.
- Global steel overcapacity is expected to grow to 721 million tonnes by 2027, according to the OECD, prompting the European Commission to increase quotas and double tariffs beyond those limits to 50 percent.
- New restrictions could limit Ukrainian exports by more than 50% compared to 2025, though a senior EU official said the change covers 70% of historic trade flows, still affecting 30% of current steel trade.
- European Parliament member Karin Karlsbro criticized the allocation, stating "Free trade with the EU has served as an economic lifeline for Ukraine. Today's decision confirms our fears of the withdrawal of tariff-free access for Ukrainian steel."
- Ukraine may tap a second quota allocation, though competition from India and Turkey makes success uncertain; the UK-Ukraine trade agreement envisages 0% tariffs for Ukrainian steel starting in 2026.
35 Articles
35 Articles
From this Wednesday, it will be more difficult than between steel produced in the EU outside. A steel import quota is established that substantially reduces that which existed until 30 June: it remains at 18.3 million tonnes, and the tariff to be paid when that amount is exceeded goes from 25% to 50%. The measure enters into force on the same day as the trade agreement signed almost a year ago with the United States and for the moment ended a pa…
Cheap steel from China, India and Turkey is putting pressure on European manufacturers. Therefore, new rules are now in force. Can German producers breathe up? Since this Wednesday, stricter rules for imports have been in force for the protection of the European steel industry. Now only 18.3 million tonnes of steel may be imported duty-free per year, about half as much as before (47 percent). At the same time, the European Union has doubled the …
Kurier
observatorial.comAlmost half to 18.3 million tonnes planned.
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