[EU implements new import quotas, cutting Taiwan's galvanized steel allocation by 70%]

Published: Jul 2, 2026 17:15

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The EU implemented a new steel import quota system on July 1, slashing Taiwan's galvanized product allocation by roughly 70% from around 400,000 tonnes to just over 130,000 tonnes. This severely impacts major domestic producers like Yieh Phui, Sheng Yu, and Prosperity Tieh. Lacking FTAs or reciprocal mechanisms, Taiwanese mills face fierce external price competition and rising domestic import threats, as displaced steel from Asian peers facing similar cuts may flood Taiwan. To mitigate losses, manufacturers plan to redirect shipments to non-EU markets such as the UK, Canada, and the US. Meanwhile, mills are pursuing product upgrades and urging the government to implement CNS product certifications to curb import risks.

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