9,311.88 TRY BIST 100 BIST 100
5.51 CNY CNY CNY
45.32 EUR EUR EUR
39.39 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
43.86 TRY Interest Interest
74.61 USD Fossil Oil Fossil Oil
46.02 USD Silver Silver
4.81 USD Copper Copper
94.51 USD Iron Ore Iron Ore
330.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,342.31 TRY Gold (gr) Gold (gr)

EU steel import quotas trigger tariffs for Q4 trade

Importers of hot-rolled coil in Europe are weighing the cost of tariffs after the European Commission's 'other countries' quota expired on the first day of fourth-quarter trade.

EU steel import quotas trigger tariffs for Q4 trade

Data released by the European Commission showed that more than one million tonnes of material from countries without safeguard measures allocated to a specific country had reached European shores by 2 October, filling the quota by 12%.

A total of 933,743 tonnes of material falling under the Non-Alloy and Other Alloy Hot Rolled Plates and Strips product category of safeguard measures will be available tariff-free between October and December.

However, the 25% duty on excess quantities, which stood at 107,976 tonnes as of 2 October, will be shared equally among importers.

According to European Commission data, the 'other countries' category of EU safeguard measures is also full in the Non-Alloy and Other Alloy Wire Rod product category. As of 2 October, it was 558 tonnes over its allocation of 121,208 tonnes.

Other quota limits exceeding the fourth quarter EU quota on 2 October included Stainless Bars and Light Sections from India (by 18%); and Large Welded Tubes, 25B (by 14%), Sheet Piling (by 6%) and Metallic Coated Sheets (by 4%) from China.

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

Canada announces anti-dumping results on steel strapping imports from 4 countries including Türkiye

Monday, June 16, 2025

England to invest 200 million pounds in carbon capture project in Scotland

Monday, June 16, 2025

Italy's new €200 million support to Acciaierie d'Italia

Monday, June 16, 2025

Trump approves acquisition of US Steel by Japan’s Nippon Steel

Monday, June 16, 2025

Andritz makes a giant investment in Germany: New Electrolyzer Gigafactory opened in Erfurt

Monday, June 16, 2025
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