The European Commission has reportedly implemented provisional safeguard measures on 23 categories of imported steel products. This is in response to the recently imposed US tariffs to curb diversion of steel from third countries to the EU, according to an official EC statement.
The safeguard measures have come into effect and can remain in place for a maximum of 200 days.
They will take the form of a tariff rate quota. For each of the 23 categories, tariffs of 25 per cent will only be imposed once imports exceed the average over the last three years, reports said.
Posted By Exim News Service.