"The EU industry commissioner, Stephane Sejourne, hailed the agreement as the strongest ever safeguard agreed and a victory for our steel mills, our steelworkers and our industrial sovereignty."
"Axel Eggert, the director general of the European Steel Association, Eurofer, said the measures would help by curbing unsustainable import pressure and creating a gap for EU manufacturers to produce 15m extra tonnes of steel to meet local demand."
"UK Steel, the British industry body, said it was crucial that the UK and EU reach a sensible agreement regarding access to each other's quota systems."
The EU will implement measures to double tariffs and reduce duty-free quotas on steel imports starting in July, aiming to limit Chinese imports. This decision, praised by EU officials, will cut quotas by 47% and is seen as vital for the European steel industry. While Norway, Iceland, and Liechtenstein are exempt from these tariffs, the UK will face significant economic disadvantages post-Brexit. The measures are expected to allow EU manufacturers to produce an additional 15 million tonnes of steel to meet local demand.
Read at www.theguardian.com
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