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The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the US and Canada, two sources briefed on details told Reuters on Wednesday.
The measures will be part of a new package for the steel sector due to be unveiled on October 7.
Stephane Sejourne, the Commission’s executive vice president for industrial strategy, briefed steel associations and unions on Wednesday ahead of the announcement.
Henrik Adam, president of European steel association Eurofer and vice president of Tata Steel, told a press conference that Sejourne had reassured attendees their message had been understood, without divulging details.
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