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import quotas - Latest news GMK Center

Photo – Traders are redirecting cancelled steel shipments due to new EU quotas
Traders are redirecting cancelled steel shipments due to new EU quotas

As the details of the new measures were only announced on 30 June, the market did not have time to prepare

Photo – India has agreed to increase the duty-free quota for steel exports to the UK
India has agreed to increase the duty-free quota for steel exports to the UK

At the same time, the British government has recently published a revised policy on the procurement of steel under government contracts

Photo – EU decision on steel quotas poses further challenges for Ukraine – Politico
EU decision on steel quotas poses further challenges for Ukraine – Politico

Metinvest is still assessing the impact of the new measures on its exports to Europe

Photo – New EU quotas could result in losses of $3 billion for Turkey’s steel exports
New EU quotas could result in losses of $3 billion for Turkey’s steel exports

The country’s steelmakers need to expand into markets outside Europe, according to ÇİB

Photo – Steel importers are reporting delays in customs clearance due to new EU quotas
Steel importers are reporting delays in customs clearance due to new EU quotas

Interest in European metal products has increased on the market

Photo – Interpipe estimates that the EU quota for seamless pipes is 30% too low
Interpipe estimates that the EU quota for seamless pipes is 30% too low

The company also points out that the quota does not reflect the preferential treatment granted to Ukraine

Photo – British steelmakers are calling for an improvement in the terms of trade in steel with the EU
British steelmakers are calling for an improvement in the terms of trade in steel with the EU

The parties’ protective measures will complicate trade between the two closely integrated markets

Photo – Ukraine regards the current agreement on steel quotas as a starting point – Politico
Ukraine regards the current agreement on steel quotas as a starting point – Politico

Overall, the EU has reached agreements with 13 countries on smaller cuts

Photo – The EC has published the quotas under the new steel safeguard measures
The EC has published the quotas under the new steel safeguard measures

The total annual quota for Ukraine is 1.050 million tonnes

Photo – The EU’s requirement regarding the smelting and casting of steel will come into force in October
The EU’s requirement regarding the smelting and casting of steel will come into force in October

The bloc’s new regulation on steel has been published in the Official Journal

Photo – South Korea has reached a consensus with the EU on European steel quotas
South Korea has reached a consensus with the EU on European steel quotas

The country’s Minister for Industry did not specify what volumes were involved

Photo – British businesses are calling on the government to ease protective measures on steel
British businesses are calling on the government to ease protective measures on steel

Leading business associations claim that the new measures will significantly undermine the competitiveness of British manufacturers

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