On October 7th, the European Commission published a Proposal for a Regulation of the European Parliament and of the Council that aims to mitigate the negative trade effects of global overcapacity in the European Union's steel market.

This initiative responds to the serious situation of the European steel sector, which is considered strategic both for the EU economy and for its industrial autonomy, defence capacity and ecological transition.

The current safeguard measures applicable to imports of steel, established by Implementing Regulation (EU) 2019/159, shall expire on 30 June 2026.

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