Author: Nabeera
-
Europe: EU Council endorses tougher steel import rules to counter global overcapacity
EU cuts import quotas by 47% from CY’24 level Out-of-quota duties doubled to restrict imports The Council of the European Union has adopted its mandate to negotiate a new regulation aimed at protecting the EU steel market from the negative trade effects of global overcapacity. The framework will replace the current steel safeguard measure, which…