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New tariff tool to replace EU steel safeguard could be proposed in autumn

By Joanna Sopinska ( March 4, 2025, 16:54 GMT | Insight) -- A new tariff tool to shield the EU steel industry from excess imports after the bloc’s steel safeguard would expire in June 2026 is urgently needed, steel industry lobby group Eurofer said today. Axel Eggert, director general of Eurofer, said a proposal for a tariff-quota mechanism is expected to be released by the European Commission in the autumn to secure its timely approval by EU lawmakers and governments.A new tariff tool to shield the EU steel industry from excess imports after the bloc’s steel safeguard would expire in June 2026 is urgently needed, steel industry lobby group Eurofer said today....

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