EU unveils quota volumes for new safeguard system
The European Commission has announced the details of its new safeguard system and unveiled the product quota volumes. Accordingly, the new system maintains the principle of open trade and strengthens engagement with global partners to tackle overcapacity, by limiting tariff-free import volumes to 18.3 million mt a year (a reduction of 47 percent compared to the 2024 steel quotas), doubling the level of out-of-quota duty to 50 percent, compared to... Read More
EU to replace country-specific quotas with permanent safeguard regime
The European Commission has unveiled a legislative proposal to replace the existing EU steel safeguard system, introducing a new framework designed to protect the EU’s steel industry from the negative effects of global overcapacity, which is expected to increase from the current 602 million mt to 721 million mt by 2027, according to a draft circulated. The new permanent framework, which will replace the current measures which will expire on June... Read More
EU confirms CBAM to begin in January 2026
The European Federation of Steel, Tubes and Metals Distribution & Trade (EUROMETAL) has confirmed that the Carbon Border Adjustment Mechanism (CBAM) will come into force on January 1, 2026, as originally legislated. This announcement follows EUROMETAL’s request for urgent clarification after rumors circulated in the market about a possible delay. In an official reply, the Directorate-General for Taxation and Customs Union (DG TAXUD) stated that... Read More
EU launches consultation on new steel safeguard measures to combat trade risks
The European Commission has announced the launch of a consultation process aimed at shaping the next generation of steel safeguard measures. Industry stakeholders have until August 15 to submit input. These consultations will feed directly into the formulation of replacement measures for the current safeguards, which expire on June 30, 2026. The upcoming protection framework is expected to counter several structural challenges according to the European... Read More
EU lowers import quota volumes, introduces new quota caps
The European Commission has announced the findings of its functioning review of the safeguard measure on imports of certain steel products initiated on December 17, 2024, and has made adjustments to the measures. The commission has decreased the tariff-rate quota volumes for some products by lowering the liberalization rate to 0.1 percent from the current one percent to ensure the effectiveness of the measure. The EU’s safeguard measures will still... Read More
EU extends steel safeguard measures for another two years, technical adjustments made for wire rods
The European Commission has announced that it has decided to extend the safeguard measures on imports of 26 steel products for another two years until June 30, 2026, finding that the safeguard measure continues to be necessary to prevent serious injury. Without the extension, the current quota measures would expire on June 30, 2024. There are also some technical adjustments to the functioning of the measure in two product categories – hot rolled... Read More
EU suspends all duties and quotas on Ukrainian imports for one year
The European Council has stated that it has adopted a regulation allowing for temporary trade liberalization and other trade concessions with regard to certain Ukrainian products. All import duties on Ukrainian goods are suspended for one year. In addition, all antidumping duties and safeguard measures on Ukrainian products are also lifted. Read More
EU reduces import quota volumes after UK’s inclusion in quota regime
The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity to export to the EU. The EC said that the changes in quota volumes... Read More
EU announces import steel quota volumes for UK
The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and Steel Trade Union Community stated. The UK will be subject to a 25 percent... Read More
The European Commission revised EU Steel Import Quotas system
The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products. Accordingly there will be country-specific quotas available quarterly and not annual allocations. Access to the residual quota for countries that have previously exhausted their country-specific quota will be only permitted to the extent necessary to respond to demand. Read More