What is the reason why the EU tightened its steel import policy?

The main reason for the EU to tighten its steel import policy is to protect its domestic steel industry from the impact of international market competition. In recent years, the EU steel industry has faced high energy costs and fierce international competition, especially pressure from low-priced steel products. In addition, the US’s move to impose high tariffs on steel and aluminum has also had an impact on the EU market.

The EU also hopes to promote the green transformation of the domestic steel industry and strengthen the prevention of carbon leakage by reducing steel imports. This is not only an economic consideration, but also to achieve broader environmental goals.