EU tightens steel import quotas to combat overcapacity
pre-market1 source ↓written by the desknot a recommendation
- be reduced
- 18.3 million tonnes
- on out-of-quota imports
- 50% duty
- despite an average
- 47% quota reduction
The European Union will implement a new steel trade regime starting 1 July 2026, aimed at addressing global overcapacity. Annual import quotas will be reduced to 18.3 million tonnes, with a 50% duty on out-of-quota imports. This regulation reserves half the quota for preferential trading partners, enhancing their access despite an average 47% quota reduction.
This move is crucial for traders as it may impact steel prices and availability in the EU market, potentially benefiting domestic producers.
Not investment advice. For informational purposes only.