[EU Cuts Steel Imports by Nearly Half and Imposes Additional Tariffs]

Published: Apr 14, 2026 09:45

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The EU reached a preliminary agreement on Monday to cut steel imports by nearly half and impose a 50% tariff on excess steel imports to protect the EU steel industry from the impact of overcapacity in other regions. Affected by rising imports and the 50% tariff imposed by US President Trump, the capacity utilization rate of EU steel producers currently stands at only 65%. The new measures aim to raise the capacity utilization rate to 80%. The European Parliament and representatives of the Council of the EU, which represents the governments of EU member states, reached an agreement on Monday evening to cap duty-free imports at 18.3 million mt per year, a 47% reduction from 2024, while doubling tariffs on volumes exceeding the quota.

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