EU Council agrees on new protective measures for steel imports
The EU Council has adopted a mandate to negotiate new protective measures for steel with the European Parliament.
These regulations will replace current trade measures expiring on June 30, 2026.
The Council aims to balance protection for the European steel industry with the needs of processing segments.
The new regulation retains key protective elements, including restrictions on duty-free imports and doubling import duties above quota to 50%.
The Council added flexibility by allowing unused tariff quota volumes in one quarter to carry over to the next.
It also emphasizes considering potential price increases that could impact competitiveness in processing industries.
Implementation and impact of EU steel import protections
The regulation applies tariff quotas and out-of-quota duties to all third countries except the European Economic Area.
Importers must provide evidence of the country of smelting and casting starting October 1, 2026, after a transition period.
The European Commission will review the regulation’s impact every four years, with subsequent assessments every two years, considering downstream industries.
The Council also mandates an online contact point for economic operators to request guidance on implementation.
Negotiations with the European Parliament will finalize the text once the Parliament approves its position.
These protective measures respond to the global steel overcapacity challenge and aim to maintain EU market stability.
SuperMetalPrice Commentary:
The EU Council’s new protective measures indicate strong support for domestic steel producers while addressing downstream industry concerns.
Tariff flexibility and quota adjustments aim to balance import restrictions with market stability and competitiveness.
Investors and steel market participants should monitor the implementation closely, especially regarding tariff quota volumes and origin verification rules.
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