EU announces new steel import quota volumes and implementation changes

The European Union has introduced the details of the new steel import regulations, including quota volumes, and made some changes regarding the implementation of the measures. The new regulation aimed at addressing the negative trade-related effects of global overcapacity on its steel market, replacing the existing safeguard measures set to expire in June 2026 and set to enter into force on July 1, 2026. The regulation sets the total annual tariff-rate... 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

UK initiates safeguard extension review for 15 steel product categories

The UK’s Trade Remedies Authority (TRA) has announced that it has initiated an extension review of the safeguard measure on 15 categories of steel products that is due to expire on June 30, 2024. The products include HRC, CRC, metallic coated sheet, organic coated sheet, tin mill products, quarto plates, merchant bars and light sections, reinforcing bar, wire rod, angles, sections, railway material, gas pipes, hollow sections and large welded tubes. The... Read More