Stringent new quotas have increased the risk of exposure to elevated steel import tariffs

Stringent new quotas have increased the risk of exposure to elevated steel import tariffs, making overseas procurement a “high stakes gamble” for buyers in the EU and United Kingdom, a new MEPS podcast concludes. The new episode, featuring insight from steel market analysts Jon Carruthers-Green, Adam Crookes and Benedicte Mikolajczak and hosted by MEPS managing editor Tom Sharpe, covers the following topics: 1. Winners and losers: the revised TRQs already exceeded, creating cost concerns for buyers 2. Flexibility or complexity? The EU Steel Regulation’s new “overflow” quotas for countries with a free trade agreement 3. Incoming EU “melt and pour” rules of origin: their influence on overseas procurement and future TRQs 4. The steel supply squeeze created by reduced imports and its influence on prices as inventories decline 5. The UK steel production limitations behind buyers’ supply concerns