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EU steel import quota plan goes too far, says European auto lobby
A new EU plan to sharply cut steel import quotas goes too far and threatens European automakers with higher input and administrative costs, the European Automobile Manufacturers’ Association (ACEA) said on Wednesday. ACEA said European carmakers source about 90% of their direct steel purchases in the EU and were “most concerned” about the inflationary impact of tighter restrictions on steel imports. The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half along with a doubling of the out-of-quota duty to 50% in a bid to preserve viable steelmakers in the European Union. ... (full story)
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- Oct 8, 2025 3:29am Posted byFundamental Analysis229
