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quotas - Latest news GMK Center

Photo – New TRQ for Ukraine: a policy shock with no market rationale
New TRQ for Ukraine: a policy shock with no market rationale

Stricter EU tariff-rate quotas would harm Ukraine’s wartime economy without solving Europe’s real steel-market challenges

Photo – Why sharp decrease in Ukraine’s quota won’t help European steel industry
Why sharp decrease in Ukraine’s quota won’t help European steel industry

Tightening trade defenses against Ukrainian steel would impose heavy economic consequences while delivering little benefit to the European market

Photo – European steel processors are criticizing the EU’s new steel import quotas
European steel processors are criticizing the EU’s new steel import quotas

Businesses warn of the risk of supply chain disruptions due to regulatory uncertainty

Photo – The UK may abolish the quota exemption for flat-rolled products from Turkey
The UK may abolish the quota exemption for flat-rolled products from Turkey

Imports of Turkish hot-dip galvanized sheet steel risk falling under quotas for other countries

Photo – EU quota cuts pose a greater threat to British steel industry than US tariffs
EU quota cuts pose a greater threat to British steel industry than US tariffs

New EU restrictions could cut Britain off from its largest steel market and exacerbate the crisis in the industry

Photo – CBAM and quota system create problems for EU steel industry – Assofermet
CBAM and quota system create problems for EU steel industry – Assofermet

If the requirements of the mechanism are not relaxed, this will threaten steel consuming sectors

Photo – A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4
A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4

Australia and Brazil have not yet used their quotas for these products in the «other countries» category

Photo – Three countries may exhaust their export quota for hot-rolled coils to the EU in October
Three countries may exhaust their export quota for hot-rolled coils to the EU in October

In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance

Photo – UK TRA proposes to increase import quota for hot-rolled steel
UK TRA proposes to increase import quota for hot-rolled steel

The proposal includes dividing the quota into two categories

Photo – EU market anticipates a large influx of imported products in the first days of October
EU market anticipates a large influx of imported products in the first days of October

China has already exhausted 80% of the quota for the import of electrical steel, 84% – for tin products, 50% – for seamless pipes

Photo – EU importers used up some HRC quotas in the second quarter
EU importers used up some HRC quotas in the second quarter

In the second quarter of 2023, over 1.1 million tons of remaining quotas were used

Photo – The EU will continue the preferential trade regime for Ukraine
The EU will continue the preferential trade regime for Ukraine

The second tranche of macro-financial assistance should arrive at the end of March

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