EU to halve steel import quotas - 50% tariffs expected for quantities above allowed level
The European Commission will propose halving steel import quotas and raising tariffs to 50% on quantities exceeding these quotas, in line with tariffs imposed by the US and Canada. The decisions will be part of a new package for the sector, expected to be published on 7 October.
Currently, steel imports into the EU are restricted through safeguard measures, but these will expire in mid-2026, in accordance with World Trade Organization (WTO) rules.
Steel industry groups have long called for the current quotas to be halved and a 50% tariff on the amount exceeding them, up from the current 25%. They say the quotas are currently 26% above their original level, while demand has fallen.
This new tariff rate would put the EU in line with Canada and the US, although in the case of the US, tariffs apply from the first ton imported.
The bloc and its Western allies are struggling to contain global steelmaking overcapacity. According to the Organization for Economic Co-operation and Development, capacity will reach 721 million tonnes by 2027, largely due to subsidies to Chinese factories.
The EU is also investigating developments in the aluminum market for possible safeguard measures, as well as imposing tariffs on the export of metal scrap.
The new system of steel import restrictions could help reach an agreement with the US to replace the 50% US tariffs with a quota system, as envisaged in the July pact between the parties.
The European Union has said it will work closely with Washington on a "metals alliance" to protect their production from subsidized Chinese competition.
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