EU to impose new quota on imports of certain steel products

Friday, 28 December 2018 16:45:28 (GMT+3)   |   Istanbul
       

According to a document seen by SteelOrbis, the European Commission will impose import quotas on certain steel products for a period of 150 days starting from February 2, 2019. However, there has been no official announcement yet.

SteelOrbis has learned that the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased by five percent for the period between July 1, 2020 and June 30, 2021.

Additionally, the quotas will not be imposed globally but will vary depending on the country for each product.

Details of the quotas can be seen here.

Last week, the European Commission extended the safeguard duty investigation for a maximum of two months and said that the final decision will be announced on February 1.


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