The European Commission has proposed halving the volume of steel imports entering the EU duty-free - from 30.5 million to 18.3 million tonnes annually - and doubling tariffs on imports exceeding that quota to 50%. The move, announced by EC president Ursula van den Leyen, aims to protect the struggling European steel industry, which operates at just 67 percent capacity and faces heavy competition from cheap, subsidised steel, especially from China. Global steel overcapacity, now at 600 million tonnes, is projected to exceed 720 million next year, pressurising European producers and leading to the loss of 18,000 jobs across the bloc. The new measures, including a ‘melt and pour’ rule to trace steel origins, are designed to curb tariff circumvention and lift EU production to 80% capacity use. While the plan also affects US imports, Brussels hopes for cooperation with Washington to address global surpluses. The proposal now awaits approval from EU member states and the European Parliament.