EC imposes definitive safeguard measures on steel imports for 3 years

The European Commission (EC) is ready to impose definitive safeguard measures on a list of imported steel products, in the form of tariff rates and a range of quotas that are partly annual and country-specific and partly quarterly and global, it said on Friday February 1.

The measures will take effect tomorrow, on February 2, and will replace the provisional measures that have been in place since July 2018. The measures concern 26 steel product categories and consist of tariff-rate quotas, with any imports that exceed the quota becoming subject to duty at 25%. The measures will be in place for a period of three years. This will be calculated to include the period of the provisional measures, which means that the definitive measures will expire on June 30, 2021. The tariff-rate quotas will be applied over three time periods. The first will be from February 2, 2019, to June 30, 2019; the second will cover July 1, 2019, to June 30, 2020; and a third will be July 1, 2020, to June 30, 2021. The definitive measures are in line with the proposal sent by the EC to the World Trade Organization (WTO) in early January. “Since the duration of...

Published

Maria Tanatar

February 01, 2019

13:20 GMT

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