EU’s “melt and pour” requirement to apply from October 2026

The European Parliament and the Council of the European Union have set the dates to implement new framework to address the negative trade-related effects of global steel overcapacity on the EU market. The regulation will replace the existing steel safeguard measures, which expire on June 30, 2026, and is intended to apply from July 1, 2026. The “melt and pour” requirement the regulation introduces will apply from October 1, 2026. The European... Read More

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