import quotas - Latest news GMK Center

The government is lowering steel import limits to protect the domestic industry from oversupply

The bloc reintroduces quotas for individual countries in category 17 – angles, shaped sections and sections

In particular, the country chose to buy rebar and wire rod

Industry association cites changed circumstances

The bloc seeks to prevent the European market from being flooded with cheap steel after the introduction of US tariffs

Government seeks to encourage steelmakers to source products from local producers

The offer came from South Korean steelmakers, and EUROFER considers the option viable

EBA calls for stricter conditions on steel imports to protect the domestic market

The country, in particular, chose its quotas for wire rod

Total volume of the quota for the two subcategories will be 3.3 million tons per year

Chinese products can enter the EU market as re-exports from countries that supply HRC to the block under the quota of «other countries»

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