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EU strengthens steel industry protection
Gulf Today
|March 27, 2025
The European Commission has tightened the steel safeguard measure to shield the EU steel industry from surging imports, delivering on the EU's Steel and Metals Action Plan.
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The commission has reduced the liberalisation rate from I per cent to O.l per cent, limiting the amount of steel that can be imported tariff-free.
Additionally, countries will no longer be able to use the entire volumes of unused quotas of other countries, including those of Russia and Belarus.
The "carry-over" mechanism, which allowed countries to roll over unused quotas to the next quarter, has also been eliminated for categories with high import pressure and low consumption.
This story is from the March 27, 2025 edition of Gulf Today.
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