Gold and metals

EU imposes temporary quotas and minimum prices on electrical steel

The European Union has imposed import quotas and temporary minimum prices on electrical steel and products made from it, with the measures set to take effect on September 25 to protect local producers from low-cost imports, particularly from Asia.

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EU imposes temporary quotas and minimum prices on electrical steel

The European Union has imposed import quotas and temporary minimum prices on electrical steel and products made from it, with the measures set to take effect on September 25 in a move aimed at protecting local producers from low-cost imports, particularly from Asia.

The measures will remain in effect until the European Commission concludes an investigation launched in March into safeguards for the electrical steel industry, also known as grain-oriented silicon steel.

Quota and minimum price ranges

The measures cover quotas for grain-oriented silicon steel, as well as sheets and laminations made from it and used in electrical transformers.

The minimum price for the steel is set at between 2,800 and 3,400 euros per metric ton within quotas, rising to 3,500 euros per ton for volumes above the quota limits.

Properties of grain-oriented silicon steel

Grain-oriented silicon steel, or GOES, is an advanced iron-silicon alloy manufactured through an engineered process that aligns its internal crystals in a single, consistent direction, enhancing the metal's magnetic properties and conductivity.

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