EU Steel Import Quotas Trigger Tariffs For Q4 Trading

Hot rolled coil importers across Europe are weighing up the cost of duties after the European Commission’s ‘other countries’ quota was oversubscribed on day one of quarter four trading.

Data published by the European Commission showed that over a million tonnes of material had already reached European shores from countries without a specific country-allocated safeguard measure by October 2 – leaving the quota 12% oversubscribed.