EU to Cut Steel Import Quotas by 15% Starting April 2025
The European Union's new measures aim to shield its metals industry from cheap imports and bolster its military industrial base.
- The EU will reduce steel import quotas by 15% from April 2025 to counter cheap steel inflows from countries like China, India, and Canada.
- This move is part of the European Steel and Metals Action Plan, designed to protect domestic producers and improve the bloc's strategic autonomy.
- The EU also plans stricter trade defense measures, including a 'melted and poured' rule to prevent mislabeling of steel's origin.
- A pilot program with the European Investment Bank will guarantee long-term power contracts for steel and aluminum producers, with further details expected later in 2025.
- Public procurement rules will be revised in 2026 to favor European steel, reflecting the EU's focus on reducing reliance on imports for critical industries.