New tariffs imposed by EU to protect against imported steel
19:27
The EU is introducing lower duty-free steel import quotas and raising tariffs from 25% to 50% once those limits are exceeded. The new rules, approved by the European Parliament in May, are meant to protect EU steelmakers from global oversupply, dumping, and subsidized competition. The current safeguard measures expire on June 30, 2026. Global steel overcapacity could reach 721 mln tons by 2027, more than five times the EU’s annual steel consumption.
The new quota would reduce duty-free imports to 18.3 mln tons per year, 47% below the 2024 level. EU steel producers support the move, while steel-consuming industries fear higher costs. Poland could benefit through stronger domestic production and better capacity utilization.
