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Recently, the European Commission published a new proposal for a steel safeguard plan. If approved, this plan would significantly strengthen protection measures compared to the old mechanism introduced in 2019 and updated several times since. 35Q155 oriented electrical steel, The plan proposes reducing the duty-free import quota for steel by approximately 50%, increasing the tariff on imports exceeding the quota from 25% to 50%, and introducing a "smelting and casting location" rule that allocates quotas by country of origin and requires importers to provide evidence of the steel's original country of production;The proposal uses 2013 import volumes as the quota baseline and will significantly impact exports from countries with large differences between 2013 and 2015-2017 baseline import volumes, or those relying on "offshore procurement of basic steel and domestic processing for export." 35Q155 oriented electrical steel, Countries such as South Korea, which have free trade agreements with the EU, have already initiated negotiations for customized quotas. Meanwhile, EU companies in sectors such as aerospace and defense, which rely on imported steel, need to consider the impact on their supply chains and pricing strategies. Affected countries and foreign steel companies should prepare accordingly. 35Q155 oriented electrical steel, The proposal is currently undergoing the EU's ordinary legislative procedure and is expected to take effect after the current mechanism expires on July 1, 2026.
