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Europe · Business news · Policy & Regulation · 13 Apr 2026

EU agrees steel import regime: 18.3 million tonnes a year duty-free, 50% tariff above the quota, targeted to start July 1

EU Materials Industrials

What happened

EU negotiators reached a political agreement on a permanent measure to replace the steel safeguard that expires at the end of June 2026. Tariff-free imports are capped at 18.3 million tonnes a year and volumes above the quota face a 50% duty; the measure applies to imports from all countries except EEA members, while a 'melt and pour' rule that tracks where steel was first produced also applies to EEA countries. The new regime covers 30 product categories, against 28 under the 2018 safeguard, and is due to enter into force on July 1, 2026, once the European Parliament and the Council formally adopt it.

Why it matters for listed companies

A smaller duty-free quota and a 50% out-of-quota tariff shield EU steelmakers such as ArcelorMittal, Thyssenkrupp, Salzgitter, SSAB and Voestalpine from cheaper imports, supporting their selling prices and plant utilisation. The other side is higher input costs for steel users in carmaking, machinery and construction, and lost volume for exporters to the EU. The melt-and-pour rule is aimed at stopping steel being re-routed through third countries to get around the quotas.

Reported by European Commission — “Commission welcomes political agreement on new EU steel measure” ↗ on 13 Apr 2026.

Rates and currencies since this was reported

Official series on 13 Apr 2026 or the last day before it, and the latest observation.

ECB deposit facility rate
2.00% → 2.50% +50 bp
13 Apr 2026 → 16 Oct 2026 · European Central Bank
Euro area 10-year yield (AAA)
3.12% → 3.39% +27 bp
13 Apr 2026 → 15 Oct 2026 · European Central Bank
Euro in US dollars
1.1684 → 1.1253 -0.0431
13 Apr 2026 → 16 Oct 2026 · ECB reference rate
Euro in pounds sterling
0.8706 → 0.8438 -0.0267
13 Apr 2026 → 16 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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