Finance
EU will propose new way to curb steel imports, says EU chief
Published by Global Banking & Finance Review®
Posted on September 10, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 10, 2025
1 min readLast updated: January 22, 2026
The EU will propose new measures to curb steel imports to protect domestic producers, as current safeguards expire in 2026.
STRASBOURG (Reuters) -The European Commission will propose a new method to curb imports of steel from rivals to protect domestic producers, Commission President Ursula von der Leyen said on Wednesday.
"Global overcapacity is squeezing margins and leaving little incentive to pay a clean premium. This makes it harder for Europe's steel industry to invest in decarbonisation," von der Leyen told the European Parliament.
"That is why the Commission will propose a new, long-term trade instrument to succeed the expiring steel safeguards," she continued in her annual 'state of the union' address.
The bloc cannot prolong existing steel safeguards beyond mid-2026 under global grade rules. The Commission has previously said it will propose new measures by the end of the third quarter of this year.
(Reporting by Kate Abnett, writing by Philip Blenkinsop, Reporting by Charlotte Van Campenhout)
The new trade instrument aims to curb imports of steel from rivals to protect domestic producers and help the EU steel industry invest in decarbonisation.
The EU steel industry is facing challenges due to global overcapacity, which is squeezing margins and reducing incentives for investment in clean technologies.
The European Commission plans to propose new measures by the end of the third quarter of this year, as the existing steel safeguards cannot be prolonged beyond mid-2026.
The President of the European Commission is Ursula von der Leyen, who announced the new proposal during her annual 'state of the union' address.
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