The European Commission has launched a targeted consultation seeking feedback on the scope of the new EU Steel Tariff Quotas (TRQS) as part of the built-in review mechanisms for this measure.
The consultation is open until September 30 and aims to receive responses from steel producers and consumers, importers, traders and consultants, as well as various associations and authorities throughout the steel value chain.
In accordance with the new regulation on steel production, which entered into force on July 1 and strengthens the EU tariff quota system for steel, the European Commission is forced to assess the "need" to add additional steel products by making legislative amendments to its protective coating by the end of the year, namely: Pipes
,- ,
- , Cast iron pipes and hollow profiles (7303 00 10, 7303 00 90) Alloy Wire,
- Non and other alloys (7229 20 00, 7229 90 20, 7229 90 50, 7229 90 90); Stainless Steel Wire,
- (7223 00 11, 7223 00 19, 7223 00 91, 7223 00 99); Forged alloy bars,
- Non and other alloys (7214 10 00, 7228 10 50, 7228 40 10, 7228 40 90)
The questionnaire asks respondents to find out if they feel any effects of the global overcapacity in the EU market for the listed categories of goods, and to provide relevant evidence, as well as questions based on reciprocity regarding similar market access policies in third countries. Special questions for steel producers are aimed at finding answers about workarounds; while sections for consumers engaged in recycling are devoted to the potential risks of internal supply and rising costs, as well as the possibility of replacing these product categories during further processing.
Further review mechanisms within the framework of the regulation will make it possible to assess the possibility of extending to imports of steel-containing goods by June 30, 2027 Market sources
McCloskey described the entry into force of the new EU steel trade rules as a "new era" in European steel trade due to the complexity of the new measure, a significant reduction in duty-free imports among trading partners, and a doubling of non-quota duty rates to 50%.
A The main problem, which, however, continues to concern market participants, is that commodity protection measures may lead to steel-consuming industries having to replace their domestic steel production sources and manufacturing operations with substitute imports of comparatively unshielded finished industrial products in order to maintain their competitiveness in the market. the global market.
While many participants in the steel supply chain will welcome these consultations, others are likely to consider
