https://www.taxtmi.com/news?id=58106 The Commission proposed cutting tariff free steel import quotas substantially and imposing high tariffs on additional imports, alongside mandatory declarations of where products were melted and poured and a complex quota allocation system replacing the current WTO aligned safeguard due to expire in June 2026. The measure aims to address global overcapacity and protect decarbonised domestic production but requires Parliament and Council approval and may prompt WTO consultations; exemptions for Norway, Iceland and Ukraine are included. en-us Wed, 08 Oct 2025 00:16:03 +0530 Wed, 08 Oct 2025 00:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58106 The Commission proposed cutting tariff free steel import quotas substantially and imposing high tariffs on additional imports, alongside mandatory declarations of where products were melted and poured and a complex quota allocation system replacing the current WTO aligned safeguard due to expire in June 2026. The measure aims to address global overcapacity and protect decarbonised domestic production but requires Parliament and Council approval and may prompt WTO consultations; exemptions for Norway, Iceland and Ukraine are included. News - Wed, 08 Oct 2025 00:16:03 +0530 https://www.taxtmi.com/news?id=58106