9,344.97 TL BIST 100 BIST 100
30.97 $ USD USD
€33.45 EUR EUR
43.24 TL Interest Interest
82.70 $ Fossil Oil Fossil Oil
23.17 $ Silver Silver
3.87 $ Copper Copper
119.59 $ Iron Ore Iron Ore
398.00 $ Ship Dismantling Ship Dismantling
43.24 TL 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.


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

Pakistan's scrap imports increased

Wednesday, February 21, 2024

In December 2023, the US section beams exports decreased

Wednesday, February 21, 2024

SMS Group and Hasçelik launched a strategic partnership

Wednesday, February 21, 2024

Ferroalloy production in Ukraine fell by 57% in 2023

Wednesday, February 21, 2024

Morocco's green hydrogen ambitions: Overcoming uncertainties on the path ahead

Wednesday, February 21, 2024
Follow List
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