European Commission tightens steel import regime, effective July 1st with 47% quota cut
Introducing out-of-quota duty of 50% for 26 categories of steel products imported into the EU - - Will reduce its tariff-free steel imports by 47% from 2024 levels to 18.3Mt per year - - Measure sets tariff-free quotas at 18.3Mt per year - - Will apply stricter rules on “melt and pour” traceability to determine where t