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The European Union has reached a preliminary agreement to cut steel imports by nearly half through tariff increases. JIS G 3313 SECF steel strip, Under the plan, a 50% tariff will be imposed on steel imports exceeding established quotas to counter the impact of a global supply glut on the European market.
Currently, the capacity utilization rate of EU steelmakers stands at only about 65%, largely due to rising imports and the US government's earlier imposition of 50% tariffs on steel products. JIS G 3313 SECF steel strip, Through these measures, the EU aims to raise regional steel capacity utilization to approximately 80%, thereby enhancing the operational stability of the domestic industry.
