[SMM Stainless Steel Flash] EU Steel Import Quotas Exceeded in Several Categories Just Three Days into New Period

Published: Jul 6, 2026 11:44
According to European Commission data, just three days into the new July 1–September 30 quota period, import quotas for multiple steel product categories allocated to Turkey, China, South Korea, India, and "other countries" have already been exhausted. Turkey breached quotas across the widest range of categories, including HRC (1A), metallic coated sheets (4A/4B), organic coated sheets, rebar, wire rod, gas pipes, hollow sections, and other welded pipes, with volumes awaiting customs clearance far exceeding allocated limits. China exceeded quotas for electrical steel, metallic coated sheets (4B), and other welded pipes; South Korea exhausted its organic coated sheets quota; India used up its full allocations for stainless bars and light sections (23,139t) and gas pipes (10,036t), with 29,299t and 13,666t respectively pending clearance. Residual "other countries" quotas for HRC (1A) and metallic coated sheets (4B) were also exceeded. Products awaiting clearance beyond exhausted quotas will be subject to the 50% out-of-quota duty.

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According to European Commission data, just three days into the new Ju - Shanghai Metals Market (SMM)