How STEEL is Made

The European Union’s executive arm on Tuesday proposed a sharp increase in steel tariffs as it raced to protect the bloc’s steel industry from Chinese competition, a move that is likely to impose painful costs on Britain and other close trading partners.

The European Commission’s proposal would slash the amount of steel that can be imported without incurring tariffs to 18.3 million tons per year, a nearly 50 percent reduction from the 2024 quota.

At the same time, it would double the tariff on steel imported above that quota, pushing it to 50 percent.

The goal is to hit back against global overcapacity, as cheap steel imported from China and elsewhere gains market share in Europe and costs steelworker jobs across the 27-nation bloc