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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.

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