--- title: "The EU's preliminary agreement reduces the steel tariff-free import quota by half, and the excess tariff rate is raised to 50%" type: "News" locale: "en" url: "https://longbridge.com/en/news/282627311.md" description: "The European Commission and the European Parliament have reached a preliminary agreement to reduce the duty-free import quota for steel to 18.3 million tons per year, a 47% reduction from 2024. Imports exceeding the quota will be subject to a 50% tariff, aimed at protecting the EU steel industry and increasing capacity utilization to 80%. Currently, the EU steel industry is facing a capacity utilization rate of only 65% and has lost approximately 100,000 jobs since 2008" datetime: "2026-04-14T04:01:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282627311.md) - [en](https://longbridge.com/en/news/282627311.md) - [zh-HK](https://longbridge.com/zh-HK/news/282627311.md) --- # The EU's preliminary agreement reduces the steel tariff-free import quota by half, and the excess tariff rate is raised to 50% According to a report by Reuters, the European Commission and the European Parliament have reached a preliminary agreement to reduce the tariff-free import quota for steel and impose a 50% tariff on imports exceeding the quota to protect the EU steel industry. Under the consensus, the tariff-free import quota will be limited to 18.3 million tons per year, a reduction of 47% from 2024, and the tariff rate on imports exceeding the quota will double. Due to increased imports and the 50% tariff imposed by U.S. President Trump, the capacity utilization rate of EU steel production is only 65%. The new measures aim to raise the capacity utilization rate to 80%. Current safeguard measures for EU steel include import quotas and a 25% tariff on imports exceeding the quota, which will expire on June 30 according to World Trade Organization rules. The European Commission proposed new measures last October and indicated that the EU steel industry has lost about 100,000 jobs since 2008 ### Related Stocks - [L5EW.UK](https://longbridge.com/en/quote/L5EW.UK.md) - [REUL.UK](https://longbridge.com/en/quote/REUL.UK.md) - [FEZ.US](https://longbridge.com/en/quote/FEZ.US.md) - [IEUA.UK](https://longbridge.com/en/quote/IEUA.UK.md) - [EUE.UK](https://longbridge.com/en/quote/EUE.UK.md) - [ESTX.AU](https://longbridge.com/en/quote/ESTX.AU.md) ## Related News & Research - [Tariffs, weak demand and climate confusion drag EU business investment rate to 11-year low](https://longbridge.com/en/news/286391330.md) - [Is Wall Street Bullish or Bearish on Steel Dynamics Stock?](https://longbridge.com/en/news/287096852.md) - [Steel import curbs delay implementation of India-UK free trade agreement](https://longbridge.com/en/news/286591302.md) - [Key facts: Tata Steel strong Q4; Netherlands unit EBITDA-positive](https://longbridge.com/en/news/286842740.md) - [China tightens steel capacity rules as Thyssenkrupp exits US plant](https://longbridge.com/en/news/286786661.md)