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EU to Propose Cutting Steel Import Quotas, Raising Tariffs to 50%
10/01/2025 - The European Commission is set to propose cutting steel import quotas by about half and raising tariffs on excess volumes to 50%, reported Reuters.
The measures are part of a new package for the steel sector which is expected to be unveiled on 7 October. Steel imports into the EU are currently limited by safeguards which are set to expire in mid-2026, in accordance with the World Trade Organization rules.
Reuters reported that various EU steel groups have been looking to halve the current steel quotas and increase the tariff on excess volumes from 25% to 50%. The EU is also looking into market trends for potential aluminum safeguards and export duties on scrap metal.
The EU and western allies are reportedly trying to contain excess capacity the Organisation for Economic Cooperation and Development (OECD) said will hit 721 million metric tons in 2027, in large part due to subsidized Chinese factories.
The EU said it would work closely with Washington in a proposed “metals alliance” to counterbalance the Chinese overcapacity.
EU trade chief Maros Sefcovic met with U.S. trade representative Jamieson Greer to revive trade talks previously discussed in the proposed U.S.-EU deal from July, Reuters reported.
Reuters reported that various EU steel groups have been looking to halve the current steel quotas and increase the tariff on excess volumes from 25% to 50%. The EU is also looking into market trends for potential aluminum safeguards and export duties on scrap metal.
The EU and western allies are reportedly trying to contain excess capacity the Organisation for Economic Cooperation and Development (OECD) said will hit 721 million metric tons in 2027, in large part due to subsidized Chinese factories.
The EU said it would work closely with Washington in a proposed “metals alliance” to counterbalance the Chinese overcapacity.
EU trade chief Maros Sefcovic met with U.S. trade representative Jamieson Greer to revive trade talks previously discussed in the proposed U.S.-EU deal from July, Reuters reported.
