quotas - Latest news GMK Center

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

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

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

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

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

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

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

In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance

The proposal includes dividing the quota into two categories

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

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

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