Published on
30/06/2026 - 12:27 GMT+2
The EU has allocated import quotas for steel to its trading partners on Tuesday in an attempt to fight growing overcapacity from foreign producers.
The measure comes amid rising tensions between the EU and china China, where most of the global steel surplus originates.
Seeking to shield its market from global overcapacity, EU legislators agreed last April to increase existing tariff-free steel quotas to 18.3 million tonnes per year while doubling tariffs beyond those quotas to 50 percent
