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)