EU plans to cut steel imports by 15% from April 1

The EU plans to cut steel imports by 15% from April 1. This measure is aimed at preventing cheap steel from flooding the European market after the United States implements new tariffs, thereby protecting the local steel industry. The European Commission also plans to propose new long-term measures in the third quarter to replace existing safeguard measures.

The background of this policy is the intensified competition in the global steel market and the rise in energy prices. Through these measures, the EU hopes to ensure the sustainable development of the steel industry while reducing its dependence on imports.