The European Commission has introduced a revised version of its steel safeguard measures, aiming to address global overcapacity and declining domestic demand. 

Key changes include reducing quota growth rates from 1% to 0.1% and cutting import quotas for major suppliers-  India’s hot-rolled steel by 23.7% and Turkey’s by 14.4%. Russian and Belarusian steel imports will be reduced by up to 65%. The revision also splits hot-rolled coil (HRC) into two subcategories, removes residual quotas for HRC, cold-rolled coil (CRC), and hot-dip galvanised (HDG) steel, and sets a maximum export limit per country to prevent market imbalances. 

Market reactions are mixed. Supporters believe the measures moderately stabilize the market, while critics argue for stricter import limits to protect EU steelmakers. Some industry players stress that weak demand, not imports, remains the primary challenge for the sector.