Source: European Parliament
Parliament is set to vote during its May 2026 plenary session on the provisional agreement on a regulation aimed at shielding the EU steel market from the effects of global over-capacity. For the products covered, the regulation introduces lower import quotas and doubles the customs duty applied to imports exceeding the agreed quota, increasing it from 25 % to 50 %. The regulation also introduces stricter product traceability requirements and provides for frequent reviews of its scope.