import quotas

Supplies in excess of quotas will be subject to a 25% duty

The new procedure is experimental and will avoid additional duties

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

Quotas for some items have also already been chosen by China and India

Thus, EU steelmakers will try to balance supply and demand

The volumes of deliveries of certain steel products before the end of the quota period were exceeded

The quota for October-December is 933.74 thousand tons

The market believes that European producers may try to raise prices

About 40% of the total import quotas for hot-rolled coils have already been used

In the current quarterly EU quota period, China is subject to the most restrictions, 23 out of 29

The products are mainly intended for the company's distribution centers

Quotas for the import of such products in the second quarter of 2023 have been exhausted by 96%