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Date: 02/04/2025

Steel exports seen facing EU barrier as quotas tighten
 
Indian steel makers exporting to the EU are bracing for probable reduced market access, which could lead to a significant financial hit and increased competition on account of tightened safeguard measures. There will also be less flexibility for India to utilise unused quota volumes from other countries. The EU, among the largest finished steel export markets for India, has introduced significant amendments to its safeguard measures, effective April 1. One out of every three metal shipment exports from India goes to the EU. As per the Steel Ministry, Italy, Belgium and Spain are among the three major European markets, accounting for close to 35% of the total exports of 4.4 million tonnes. However, shipments to all the countries are down 56%, 32% and 37% on 11MFY25 basis, said a report.
 
Source: Exim News Service: New Delhi, April 1



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