[SMM Steel] EU agrees on tighter quotas and higher steel import tariffs

Published: Apr 13, 2026 14:10

Save

[SMM Steel] The European Union is finalizing a plan to double out-of-quota tariffs to 50% and cut duty-free quotas by 47% to 18.3 million mt, with potential implementation from July 1, 2026. All trading partners will be subject to quotas, while debate continues over whether unused quotas can be rolled over. In the short term, stricter quotas and higher tariffs are likely to limit import volumes and support EU domestic prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

[SMM Hot-Rolled Arrivals] Mainstream Market Arrivals Declined WoW This Week

9 hours ago

10 hours ago

MMi Daily Iron Ore Report (April 14)

Today, the Dalian Commodity Exchange iron ore futures experienced a decline in the morning session, followed by a rebound during the afternoon trading period. The most active I2609 contract closed at 758.5 RMB per tonne, reflecting a marginal decrease of 0.07 per cent from the previous trading session.

10 hours ago

[SMM Zhangjiagang HRC Inventory] Zhangjiagang Inventories Saw a Narrow Decline This Week

Zhangjiagang HRC port inventories stood at 362,000 mt this week, down 13,000 mt WoW, a decline of 3.47%. The YoY decline was 11.71% on a solar calendar basis and 13.60% on a lunar calendar basis.

10 hours ago