import quotas - Latest news GMK Center

The quota scheme will be in effect for six months, until June 30

The company warns that the trade situation is becoming increasingly difficult

European steelmakers are generally supportive, while trading partners are asking for consultations

The European Commission proposes a substantial reduction in quotas and a 50% tariff on all imports outside the quota

The company cited operational difficulties at two plants

The government will also change its procurement rules and support the industry's transition to new business areas

Turkey selected volumes within nine categories in early July

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