EU Cracks Down on Global Steel Glut: Tariffs, Quotas & Job Fears | Europe Politics | Amaravati Today

The European Commission has unveiled tough new measures to tackle global steel overcapacity that’s undermining Europe’s industry. Executive VP Stéphane Séjourné and Commissioner Maroš Šefčovič outlined plans to slash import quotas by 47%, double out-of-quota tariffs to 50%, and introduce a new “Melt and Pour” rule for product traceability. The move follows heavy job losses—18,000 in 2024—and aims to safeguard Europe’s industrial base from unfair trade practices, especially from state-subsidized producers. #EuropeanCommission #EUTradePolicy #SteelCrisis #EUIndustry #TradeWar #GlobalSteel #EUImports #Tariffs #EconomicSecurity #EUJobs #MarošŠefčovič #StéphaneSéjourné #SteelOvercapacity #EURegulation #EuropeNews

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