20 Hrs
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الاقتصادية
EU Limits Steel Imports to Support Industry
The European Union has imposed restrictions on steel imports to protect domestic producers, including setting import quotas and minimum prices for electrical steel and products made from it. These measures aim to shield the European market from low-cost imports, particularly from Asia, as part of efforts to support the struggling European steel sector, which faces fierce competition and saturated markets. The measures will be implemented on a temporary basis starting September 25, and require the approval of a majority of EU countries to become permanent. They include establishing minimum prices ranging from 2,800 to 3,400 euros per ton, with an increase to 3,500 euros for quantities exceeding the quotas. The actions are intended to safeguard the electrical steel industry, especially those relying on oriented grain steel, which has experienced decreased production and low competitiveness, with China accounting for over 50% of the EU’s imports in this sector in 2025.
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