EU halves duty-free steel quota but UK and other partners given better rate
Summary
The EU will cut the amount of duty-free steel it allows from outside countries nearly in half to limit cheap steel from China. However, 12 countries with free trade agreements, including the UK, will face smaller cuts, keeping about two-thirds of their usual steel import limits.Key Facts
- The EU is reducing its duty-free steel quota by 47% starting July 1, 2026.
- Tariffs on steel imports above the quota will rise to 50%.
- Countries with free trade agreements (FTAs) like the UK, Turkey, and South Korea will get higher quotas, around 66-67% of their past trade levels.
- The quota system is based on historical steel trade from 2022 to 2024.
- The EU wants to protect its steel industry from cheap Chinese imports.
- There are 28 steel product categories covered, including steel used in cars and construction.
- The UK steel industry had warned the quota system could have serious negative effects.
- Plans for a UK-EU “steel club” to trade steel tariff-free and cooperate against China have ended due to these new rules.
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