EU lawmakers approve tighter steel import curbs to counter global overcapacity

The European Parliament approved May 19 the new steel safeguard measures that will slash tariff-free import volumes by nearly half and double customs duties on excess shipments, as the bloc moves to shield its domestic industry from a global steel surplus ahead of the expiration of current protections in June. The new regulation, which had already been agreed between the parliament and councilThe European Parliament approved May 19 the new steel safeguard measures that will slash tariff-free import volumes by nearly half and double customs duties on excess shipments, as the bloc moves to shield its domestic industry from a global steel surplus ahead of the expiration of current protections in June. The new regulation, which had already been agreed between the parliament and councilRead More