Countries with free-trade deals take a smaller hit as the EU slashes duty-free steel quotas by nearly half overall.

Countries with free-trade deals take a smaller hit as the EU slashes duty-free steel quotas by nearly half overall.

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

Brussels cut the tariff-free steel quota and doubled the penalty duty, tightening access for Brazilian mills as Brasília demands compensation.