en.Wedoany.com Reported - According to Yieh.com data, after the U.S. imposed a 50% tariff under Section 232, Europe's steel exports to the U.S. declined significantly. From July 2025 to March 2026, Europe's steel supply to the U.S. dropped by 34% year-on-year to 1.94 million tons. The increasing regionalization of the steel industry is a key factor affecting the market.

To address the ongoing suppression of imports by U.S. tariff restrictions, the EU plans to tighten safeguard measures starting July 1. Under the new measure system, the EU will reduce import quotas and raise tariffs on over-quota volumes from 25% to 50%, aiming to prevent steel products from being diverted from the U.S. market to Europe.

Overall, this trend is expected to support the European steel industry and benefit iron ore prices. However, Asia, as a net steel-exporting region, may face negative impacts.

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