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Measures to protect EU steel market from overcapacity agreed by lawmakers

( January 28, 2026, 09:13 GMT | Official Statement) -- MLex Summary: Measures to protect the EU steel market from global overcapacity, including lower import quotas, have been approved by the European Parliament's International Trade Committee. The lawmakers on the committee voted to support draft legislation that would limit tariff-free import volumes to 18.3 million tonnes a year, a reduction of 47 percent from 2024. It would also apply a 50 percent duty to imports above the quota and ban all steel imports from Russia and Belarus. The committee aims to reach a deal with member states on the legislation in Spring.Statement follows. ...

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