13,175.74 TRY BIST 100 BIST 100
51.17 EUR EUR EUR
44.08 USD USD USD
6.45 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
38.87 TRY Interest Interest
87.69 USD Fossil Oil Fossil Oil
5.93 USD Copper Copper
5.93 USD Silver Silver
100.32 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,365.92 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

EUROFER calls for a TRQ-based safeguard system for the European ferroalloy industry

The European Steel Association (EUROFER) stated that, in light of the rapidly deteriorating market conditions facing the European ferroalloy sector, the tariff-rate-quota (TRQ)-based safeguard mechanism proposed by the European Commission must be implemented without delay.

EUROFER calls for a TRQ-based safeguard system for the European ferroalloy industry

The association stressed that the proposal represents a “last chance” for the sector to recover from a situation that has almost “collapsed” under intense import pressure.

According to EUROFER, the current outlook indicates that, without safeguard measures, ferroalloy production in Europe could disappear entirely in the coming years. In such a scenario, European steel producers, the largest users of ferroalloys, would become fully dependent on third countries for critical raw materials, putting the integrity of Europe’s entire metals value chain at risk.

The system proposed by the Commission does not impose broad tariffs on every ton of imports; instead, it introduces a tariff-rate quota (TRQ) that allows a certain volume of ferroalloys to enter the EU market duty-free. EUROFER stated that this structure strikes a fair balance between suppliers and users, and that it is a non-discriminatory approach aimed at strengthening the EU’s economic resilience.

The statement highlighted that the cost implications for steel producers must be taken into account; however, the mechanism would also reduce the risk of market distortions and excessive price pressure that could arise if supply continuity were disrupted and the EU became fully dependent on external sources.

In light of these considerations, EUROFER reiterated its call for the urgent adoption of the TRQ-based safeguard system to protect the European ferroalloy industry and maintain stability across the continent’s supply chain.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Koen Rommel starts as the new CEO of Heraeus Electro-Nite

Wednesday, March 11, 2026

Uğur Cengiz: “The Strait of Hormuz crisis could strengthen Türkiye’s role as a regional production hub”

Wednesday, March 11, 2026

CF Istanbul construction industry export fair will bring the sector together with international buyers in 2026

Wednesday, March 11, 2026

Kardemir significantly reduced its loss in 2025

Wednesday, March 11, 2026

Klöckner & Co’s operating income increased in 2025

Wednesday, March 11, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now