All tariff-rate quotas (TRQs) of the steel safeguard will continue to be increased (liberalised) by 4% as of 1 July 2023.
The implementing regulation follows a review investigation assessing whether an early termination of the safeguard measure – by June 2023 – was justified or not. The review investigation, to which the Commission had committed in 2021, gathered feedback from EU steel users and steel producers, as well as third country governments and exporting producers.
The Commission’s proposal to maintain the measure was supported by EU Member States. The Commission also discussed its proposal with several World Trade Organization (WTO) members in the framework of consultations in early June 2023, as required by WTO rules.
The implementing regulation updates the list of developing countries subject to or excluded from the safeguard measure, based on the latest import data from the year 2022. This is an automatic update required under WTO rules.
For more information
- Publication date
- 27 June 2023
- Directorate-General for Trade
- Trade topics
- SafeguardsTrade policy