[SMM Steel] EU plans tighter steel import curbs, raising pressure on Vietnam exports

Published: Apr 13, 2026 14:11

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[SMM Steel] The European Union is considering raising out-of-quota steel tariffs to 50% while cutting duty-free quotas to 18.3 million mt, with potential implementation from July 1, 2026. In the short term, this may reduce export volumes and increase costs for Vietnamese shipments, as the EU accounts for over 20% of Vietnam’s steel exports (~$1.4 billion in 2025). The tighter regime is likely to weaken competitiveness and force exporters to redirect cargoes to other markets.

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