25
Jun
18:50
EU quota cap eyes supply diversity
The EU has confirmed it will impose from 1 July a 15% cap for the residual hot rolled coil and wire rod tariff-rate quotas (TRQ) to ensure diversity of supply.
This was announced by the European Commission together with the extension of safeguard measures to 2026 (see Kallanish passim).
In the case of hot-rolled flat steel, representing 31% of total safeguard imports in 2023, the product is crucial for EU downstream production including cold-rolled flats and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous