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New EU steel quotas continue to pose questions
EU steel importers are still seeking clarity on the technicalities of the bloc's new import measures, 10 days after the regulation took effect on 1 July. Alongside significantly smaller free allocations, a key change in the new measure is the addition of a new residual quota. This quota is available on a first-come, first-served basis to countries that hold both a free trade agreement with the EU and a country-specific quota (CSQ) for a given product. But market participants noted that the EU's official legislative document lacks sufficient guidance on how the FTA-CSQ quota will be administered, with different ... (full story)
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