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Photo – The UK may consider easing new protective measures on steel – media reports
The UK may consider easing new protective measures on steel – media reports

Industry groups have warned the government of the risks to business

Photo – Apparent steel consumption in the EU is set to rise by 4.4% y/y in 2025 — EUROFER
Apparent steel consumption in the EU is set to rise by 4.4% y/y in 2025 — EUROFER

Steel imports into the EU accounted for 30% of total consumption last year

Photo – The EU has approved new safeguard measures on steel imports
The EU has approved new safeguard measures on steel imports

The new regulations will come into force on 1 July this year

Photo – Trump’s 50% steel tariffs have yielded mixed results – S&P Global
Trump’s 50% steel tariffs have yielded mixed results – S&P Global

U.S. steelmakers saw increased revenue and investment, while consumers faced rising costs

Photo – Turkey increased steel exports by 11.3% y/y in April
Turkey increased steel exports by 11.3% y/y in April

At the same time, the figure fell by 3.3% y/y between January and April

Photo – The UK has announced the details of the transition period for steel safeguard measures
The UK has announced the details of the transition period for steel safeguard measures

The current trade preferences for steel between the UK and Ukraine will remain in force

Photo – Trump has reduced tariffs on certain steel and aluminum products
Trump has reduced tariffs on certain steel and aluminum products

In particular, foreign companies may be eligible for a 10% tax rate under certain conditions

Photo – Indian steelmakers are concerned about the rise in rolled steel imports from China
Indian steelmakers are concerned about the rise in rolled steel imports from China

Hot-rolled coils accounted for the majority of imports from China

Photo – Mexico is seeking to eliminate steel tariffs as part of the USMCA review
Mexico is seeking to eliminate steel tariffs as part of the USMCA review

The country will also advocate for a regional approach to the automotive industry

Photo – Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti
Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti

The European Union's introduction of quotas for Ukraine would be a major step backward

Photo – China is negotiating with the EU regarding the bloc’s new restrictions on steel imports
China is negotiating with the EU regarding the bloc’s new restrictions on steel imports

The Chinese Ministry of Commerce has criticized the new European safeguard measures

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