EU Council and Parliament Agree on Regulation to Protect EU Steel Industry from Global Overcapacity
The Council of the EU and the European Parliament concluded a provisional agreement on 30 June 2026 concerning new regulatory measures to address global steel overcapacity affecting the EU market. This regulation will replace the current steel safeguard mechanisms set to expire on 30 June 2026, ensuring uninterrupted protection for the EU's steel industry. The regulation introduces a revised tariff-rate quota (TRQ) system that significantly reduces the volume of steel import quotas by approximately 47% relative to the 2024 safeguard quotas, equating to 18.3 million tonnes of annual import volumes. Imports exceeding these quotas will incur a heightened out-of-quota duty... [Continue Reading]
Breaking-360LiveNews | 13 Apr 2026 23:03 LONDON
