import quotas - Latest news GMK Center

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

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