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New EU steel trade measures needed amid global overcapacity, industry group says

( March 25, 2026, 15:31 GMT | Official Statement) -- MLex Summary: New EU steel trade measures that would introduce a tariff-rate quota on imports are needed to protect European producers from global excess capacity before existing measures expire in June, the European Steel Association, or Eurofer, has said. In a statement, it pointed to OECD data showing global steel excess capacity reached around 640 million metric tonnes in 2025, more than 200 million metric tonnes above total OECD steel production, and was set to continue rising. Eurofer said that overcapacity represented an existential threat to European steelmaking, investment and jobs. The statement follows....

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