EU: New Rule To Protect EU Steel Sector From Damaging Impact Of Global Overcapacity Will Take Effect On July 1
Will Reduce Its Tariff-Free Steel Imports By 47% From 2024 Levels To 18.3 Million Metric Tons Per Year EU's Steel Measures: Set Aside Half Of The Quota For Countries With Which EU Has Free Trade Agreement And The Other Half For All Countries Will Apply Stricter Rules On "Melt And Pour" Traceability To Determine Where The Steel Is Originally From And Avoid Circumvention Of Tariffs. Measure Sets Tariff-Free Quotas At 18.3 Million Tonnes Per Year Introdu
Will Reduce Its Tariff-Free Steel Imports By 47% From 2024 Levels To 18.3 Million Metric Tons Per Year EU's Steel Measures: Set Aside Half Of The Quota For Countries With Which EU Has Free Trade Agreement And The Other Half For All Countries Will Apply Stricter Rules On "Melt And Pour" Traceability To Determine Where The Steel Is Originally From And Avoid Circumvention Of Tariffs.
Measure Sets Tariff-Free Quotas At 18.3 Million Tonnes Per Year Introducing Out-Of-Quota Duty Of 50% For 26 Categories Of Steel Products Imported Into The EU