The European Commission (EC) plans to replace general annual quotas for hot-rolled coil with quarterly country-specific quotas and introduce some other strict measures to existing safeguard restrictions against imported steel, Fastmarkets understands.
The EC sent a notice listing the changes to the World Trade Organization on May 29."It is fundamental that the gradual resumption of activity and return to normality takes place in an orderly manner, in such a way that all participants in the EU steel market find their traditional place without undue advantages linked to the asymmetry...