9,719.81 TRY BIST 100 BIST 100
35.93 USD USD USD
4.97 CNY CNY CNY
37.39 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.84 TRY Interest Interest
74.87 USD Fossil Oil Fossil Oil
32.34 USD Silver Silver
4.49 USD Copper Copper
104.51 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,313.70 TRY 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.

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

Qatar's construction sector poised for a good year

Wednesday, February 5, 2025

Thousands of steelworkers and industry representatives demand urgent EU action in Brussels

Wednesday, February 5, 2025

Fujian Sanbao Group co-operates with SMS Group for tin plate production

Wednesday, February 5, 2025

Taiwanese company Feng Hsin increased scrap and rebar prices

Wednesday, February 5, 2025

Olaf Scholz emphasizes green steel in Thyssenkrupp visit

Wednesday, February 5, 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