Author: Nabeera
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EU sets annual steel import quota at 18.35 mnt; HRC leads allocations with 5.2 mnt share
Out-of-quota duty increased to 50% from earlier 25% Melt-and-pour requirement introduced to enhance origin tracking The European Union has formally adopted a new steel trade framework and announced annual tariff quota volumes totalling 18.35 million tonnes (mnt) across various steel product categories. The new regime will take effect on 1 July 2026, replacing existing steel…