EU slaps 50% tariffs on excess steel imports to shield local producers
The European Parliament has approved stricter measures to protect the European steel industry from cheap imports. Lower Saxony’s Minister for Economic Affairs, Grant Hendrik Tonne, welcomed the decision as a vital step for fair competition. Under the new rules, duty-free steel imports into the EU will be limited to around 18.3 million tons per year. Any shipments exceeding this threshold will face punitive tariffs of up to 50 percent. The aim is to shield European producers from low-cost imports, particularly from Asia, and stabilise the internal market.
Tonne described the move as a clear signal for the industry. He stressed that protection against dumping imports is essential for the transition to climate-neutral steel production. The minister also highlighted the importance of the decision for Lower Saxony, where steel production plays a key role in value creation, innovation, and employment.
Tonne called for swift implementation by EU member states to give businesses planning certainty. He added that Europe is drawing the right conclusions from years of global overcapacity and price dumping. The new regulations set a cap on duty-free steel imports and introduce steep tariffs for excess shipments. These measures are designed to support European producers and ensure a stable market. Lower Saxony, with its strong steel sector, stands to benefit significantly from the changes.
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