The EU aims to restrict sales in the "other countries" category to 15% of the hot-rolled coil quota. Discussions on this matter have concluded, and if these quota measures are put into effect, duty-free imports from certain countries will be limited to 141,849 tonnes for the remaining two quarters of the year.Concerns have been raised among some importers about the potential need to pay additional tariffs.
In addition to encouraging EU steel importers to prepare for extra costs, the proposed quota changes are expected to bring significant alterations to the steel trade. According to analysts, these alterations in the steel trade could affect steel producers outside the EU, while creating a positive atmosphere for steel producers within the EU.
Research conducted in June indicates that major steel factories have reviewed their pricing policies and are looking to implement short-term price increases. It has also been noted that international traders could capitalize on opportunities by adhering to these new regulations.
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