The European Commission said Tuesday it would tighten steel import restrictions to protect the EU's steel industry from a surge in imports.
The Commission said it is lowering the liberalization rate to 0.1% from 1% to limit the amount of steel that can be imported into the EU with no tariffs.
It also said that the mechanism that allowed countries to roll over unused quotas to the next quarter has been eliminated for categories with high import pressure and low consumption.
The restrictions will provide "breathing space for EU steel producers" to boost production and help regain market share, the EC said. "It also aims to increase employment and investment in green steel production."
Most adjustments will take effect on April 1, according to the Commission.
Price: 42.03, Change: +0.88, Percent Change: +2.14
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。