EU implements steel import quotas to manage market surge
The European Union has introduced new steel import quotas effective from 1 July to address rising import levels, according to reporting by Euronews.
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The European Union has announced a series of new steel import quotas set to come into force on 1 July. According to Euronews, the measure is intended to curb a recent surge in steel imports into the bloc. Under the new arrangements, the EU has agreed to provide preferential treatment for certain trading partners that are bound by existing trade agreements with the European Union.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews