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EUROFER proposes tightening EU steel safeguard measures

10 Jan 2025 13:27 reported by Joy Liu

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Yuriy Rudyuk, Partner at Van Bael & Bellis, a law firm based in Brussels and London, said that the European Steel Association (EUROFER) has proposed to the European Commission for tightening the EU's steel import safeguard measures during the ongoing review.

According to the lawyer’s post on LinkedIn, the requests include reducing tariff rate quotas to reflect declining EU steel demand, raising the safeguard duty from the current 25% to 32%-41%, and setting a 15% cap to other product categories, which is similar to the way applied to hot-rolled coils, removing the carry-over option from previous quarters and introduce more country-specific quotas, and halt new exemptions for developing countries in the steel safeguard's final year.

Balancing these proposals with opposition from suppliers, EU importers, and industrial users will require careful adherence to the EU and WTO regulations.

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