Archive · 22 Jun 2025
EU Steel Import Changes Impact Indian Exporters
The EU is changing how it lets countries sell steel to them.
Because of the war in Ukraine, they had to change the rules.
India, which sells a lot of steel to the EU, is now grouped with China and Vietnam, meaning they have to share a limited amount they can sell.
Countries like the UK, South Korea, and Turkey get their own special amounts they can sell, which is better.
This makes it harder for India to sell its steel and could hurt their business.
The EU made these changes because they wanted to fix the steel market after the war messed things up.
The EU is revising steel import safeguard measures, impacting India's steel exports.
India is now in a 'pooled quota' with countries like China and Vietnam, facing potential price disadvantages.
The EU is prioritizing countries like the UK, Ukraine, and South Korea with country-specific quotas.
India's steel exports to the EU were worth $4.25 billion in 2024 but may face challenges.
The changes are effective July 1 and aim to balance trade flows after disruptions from the Ukraine war.
- Who
- The changes affect steel exporters, particularly those from India, China, and Vietnam, and also prioritize countries such as the UK, Turkey, and South Korea.
- What
- The EU is changing its steel import rules, impacting countries like India.
- When
- The changes are effective from July 1, 2024. EU invited consultations from June 12 to 19.
- Where
- The changes affect steel imports into the European Union.
- Why
- The changes are aimed at balancing trade flows, addressing disruptions caused by the war in Ukraine, and prioritizing key supply partners.
Impact on India
EU's Perspective
Market Access
Impact on India
Indian exporters face reduced access to the EU market due to being placed in a pooled quota with countries like China and Vietnam.
EU's Perspective
The EU's aim is to balance trade flows and address disruptions from the war in Ukraine while prioritizing existing trade partners.
- Affected Product Category
- Category 17 (angles, shapes, and sections of iron or non-alloy steel)
- India's 2024 Steel Exports to EU
- $4.25 Billion
- Pooled Quota Countries
- India, China, Vietnam
- Preferred Countries
- UK, Turkey, South Korea
- Safeguard Duty
- 25%