US extends steel TRQs for EU for another two years

The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security, according to a statement by US President Joe Biden. Therefore, the tariff-rate quotas (TRQs) for steel and aluminum imports allocated to the EU have been extended for another two years until December 31, 2025.

The tariff-rate quota volume specified in the 2021 agreement between the United States and the EU, totaling 3.3 million mt, remains consistent with the objective of reaching and maintaining a sufficient capacity utilization rate in the US domestic steel industry, Biden said.

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