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EU drafts stricter steel safeguard to offset US tariffs and European demand drop

By Joanna Sopinska ( March 11, 2025, 13:05 GMT | Insight) -- Steel producers are in line to see tighter rules around imports to the EU from April 1 under a European Commission proposal for a series of revisions to the existing steel safeguard. The plan is to tighten the current tariff-rate quota system in the face of the threat of trade diversion due to US steel tariffs taking effect tomorrow and shrinking domestic demand. The proposal, seen by MLex, will undergo WTO consultation before going to a vote of EU countries. Steel producers are in line to see tighter rules around imports to the EU from April 1 under a European Commission proposal for a series of revisions to the existing steel safeguard....

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