All steel imports will now be subject to quotas until the end of June 2021 as part of a move by the European Commission to address the concerns of EU manufacturers who worry that markets may be flooded by products that are no longer imported to the United States.

The Commission says import volumes into the EU increased significantly from March 2018 when the United States imposed a 25% tariff on steel imports and a 10% levy on aluminium.

The main exporters of steel to the EU are China, India, Russia, South Korea, Turkey, and Ukraine.

 

Full article available: https://www.neweurope.eu/article/brussels-imposes-import-quotas-on-steel/

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