EU doubles tariffs and halves duty-free steel quotas
Change
The EU doubled import tariffs on steel and cut duty-free quotas by 47%, effective from July, with exact country allocations still to be determined.
Why it matters
Duty-free access for suppliers outside the European Economic Area (EEA) is now sharply constrained, reducing the volume that can enter the EU without levies. Exporters and EU buyers will need to secure quota access or face tariff exposure on consignments presented after the measures take effect in July.
Implications
- — Export sales teams at UK steel producers must secure confirmed EU quota allocations or renegotiate sales terms before July — shipments presented without quota will be charged the higher import tariffs when cleared.
- — Procurement teams at EU manufacturers that source non-EU steel must secure suppliers with confirmed quota access or switch to suppliers within the European Economic Area (EEA) by July — otherwise inbound purchases will incur tariff charges or face constrained volumes once duty-free quotas are reduced.
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