EU Imposes Quotas to Shield Electrical Steel
The European Union announced provisional import quotas and minimum prices for electrical steel and downstream products. The measures aim to shield domestic producers like Thyssenkrupp and Stalprodukt from cheap Asian imports.
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The European Union will impose import quotas and minimum prices for electrical steel and downstream products starting September 25, setting prices between €2,800 and €3,400 per metric ton. The provisional safeguards aim to shield domestic producers from low-cost Asian competition. The policy marks the first time the bloc has protected an entire value chain from raw metal to finished transformer cores.
