11,182.96 TRY BIST 100 BIST 100
48.75 EUR EUR EUR
41.30 USD USD USD
5.84 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.64 TRY Interest Interest
68.34 USD Fossil Oil Fossil Oil
55.70 USD Silver Silver
4.65 USD Copper Copper
105.81 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,886.84 TRY Gold (gr) Gold (gr)

Merz: EU to discuss steel export quotas with US

German Chancellor Friedrich Merz announced that the European Union will begin quota negotiations for the steel sector following the trade agreement reached with the US last month.

Merz: EU to discuss steel export quotas with US

Merz stated that the priority goal is to determine the quantities that can be exported without being subject to high tariffs.

Under the agreement reached with the Trump administration in July, tariffs were set at 15% for most products, but negotiations would continue for sectors such as steel and aluminum, where tariffs of 50% apply.

Merz noted in a statement in Saarbruecken, “This particularly concerns quotas that can be exported without being subject to high tariffs.” Describing the agreement as “painful for European industry,” Merz stated that a full-scale trade war could not be launched because Europe would suffer the most damage in such a scenario.

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

Zimbabwe signed 455 million dollar agreement with Jindal Steel

Wednesday, September 17, 2025

While CBAM presents a significant risk to India's steel exports, the effect of U.S. tariffs is expected to be limited

Wednesday, September 17, 2025

Scrap market decline continues as bottom levels remain in focus

Wednesday, September 17, 2025

Steel demand rises in Yemen and Syria as reconstruction fuels regional trade

Wednesday, September 17, 2025

Subsea7 signed agreement with Aramco for new pipeline project worth up to USD 1.25 billion

Wednesday, September 17, 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