The European Commission is improving its protective measures against steel by amending the rules for the import of certain types of steel products, with key changes coming into force on August 1 this year, Fastmarkets reported on Tuesday, July 29.
The changes primarily concern product category 17 – corners, profiles and sections made of cast iron or non-alloy steel. They are designed to restore balance in the European steel market by reintroducing quotas for specific countries and changing the controversial import limit.
In 2022, after the cessation of Ukrainian steel exports due to Russia's invasion of the country, the EU introduced "global" quotas for this category to prevent supply shortages.
But the 15% limit for each country, introduced during the course of Yulia Bolotov
[b]fastmarkets.com[/b]
