[SMM Iron & Steel] EU Advances Steel Safeguard and Import Quota Reductions

Published: Feb 27, 2026 18:11

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On February 24, 2026, the European Commission began trilogue negotiations on a new steel safeguard measure to combat global overcapacity. The regulation proposes reducing tariff-free import volumes to 18.3 million tons per year (a 47% cut compared to 2024 quotas) and doubling out-of-quota import duties to 50%, to be fully in place by July 1, 2026

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