The European Commission will levy an additional 25pc tariff on imports of 26 types of steel ranging from stainless hot-rolled and cold-rolled sheets, rebars and railway materials if the shipments exceed a three-year average. These measures have been adopted to safeguard EU members from falling prey to the dumping of such products at less than fair value. Such import quotas were sought by producers in
For orderly administration, the EC will look to move to quarterly management of all country-specific quotas. This would ensure a stable flow of imports at the same time avoiding a surge of imports for the remaining duration of the measures. The EC will also introduce a refined access regime for access to the residual quota of countries benefiting from the country-specific quota.
HRC Quota Volume (mt)
|Country||(1.7.2020 to 30-09-2020)||(1.10.2020 to 31.12.2020)||(1.1.2021 to 31.03.2021)||(1.04.2021 to 30.06.2021)|
|Korea (republic of)||135,958||135,958||133,002||134,480|
The countries having exhausted their country-specific quota can access residual quota in the final quarter but the volume cannot exceed 30pc of the import market.