Press releases » Extension of suspension of tariffs is positive outcome in EU-US dispute
Extension of suspension of EU rebalancing tariffs is positive outcome in EU-US dispute
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Axel Eggert, Director General of the European Steel Association (EUROFER), said:
"We welcome today's decision by the European Commission to extend the suspension of its rebalancing tariffs on US products until 31 March 2025 in the context of the steel and aluminium dispute. This is a positive outcome that paves the way for resuming the discussions between the EU and the US and continuing negotiations towards a meaningful Global Arrangement on Sustainable Steel and Aluminium (GSA).
The framework will need to address global non-market excess capacity and carbon intensity in the steel industry - which are the two existential challenges affecting the sector - through close EU-US policy alignment. A structural, long-lasting solution to the Section 232 dispute will be a natural part of such framework. The legal confirmation by the US of the continuation of the Tariff-Rate Quota (TRQ) system for EU steel exports is now expected to follow soon".
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Brussels, 6 May 2026 - Europe’s steel industry has warned that the EU’s proposed Industrial Accelerator Act (IAA) risks undermining its industrial and climate ambitions, unless it ensures that demand for low-carbon steel prioritises production within the EU.
EUROFER strongly supports the Act’s objective of creating lead markets for low-carbon steel as a critical tool to unlock the massive investments needed for the green transition of the European steel industry and facilitate the market uptake of low-carbon steel.
The signatories call on the European Parliament and Council to ensure an effective and broad extension of the CBAM to relevant steel and aluminium intensive downstream industries.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
