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EU Moves India into Shared Steel Quota, Hitting Export Sector
The European Union has transitioned India (alongside China and Vietnam) into a shared quota for “category 17” steel products—angles, shapes, and sections of iron/non‑alloy steel—effective from July 1, 2025, through June 30, 2026 .
Previously, countries like Ukraine, the UK, Türkiye, and Korea enjoyed separate duty‑free quotas. This change forces “other countries,” including India, to compete within a pooled cap of roughly 12,500 tonnes . Any exports beyond that face a 25% tariff.
This shift compounds existing challenges: India already contends with a 50% US import tariff on steel . With India’s steel exports valued at US $1.83 billion in FY 25, this shared quota threatens to limit its EU market share .
Stakeholders caution that bigger exporters may exhaust the quota rapidly. Pankaj Chadha of EEPC warned that “China (alone) could exhaust the allocation early” . The EU has also removed the 15% cap on any country’s share within the pooled allocation .
India’s commerce ministry is engaging with the EU through WTO consultations scheduled from June 12–19, 2025 . Experts note that while India retains some access to the EU market, the move underlines the urgency for favourable terms under the ongoing India–EU free‑trade agreement .
Bottom line: This shift imposes an added barrier to India’s steel exports—combining both US and EU measures—and may prompt New Delhi to push harder in bilateral trade negotiations with the EU.
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