SA steel industry races to gauge impact as tougher EU import rules take effect

SA steel industry races to gauge impact as tougher EU import rules take effect

The EU caps tariff-free steel imports at 18.3 million metric tons, a 47% cut from 2024 levels, with out-of-quota tariffs doubling to 50% starting July 1.

The European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capacity utilization. Annual tariff-free…

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to…

China is set to face tougher restrictions on its steel exports to Europe under a new formula set out by the EU Commission.