The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security, according to a statement by US President Joe Biden. Therefore, the tariff-rate quotas (TRQs) for steel and aluminum imports allocated to the EU have been extended for another two years until December 31, 2025.

The tariff-rate quota volume specified in the 2021 agreement between the United States and the EU, totaling 3.3 million mt, remains consistent with the objective of reaching and maintaining a sufficient capacity utilization rate in the US domestic steel industry, Biden said.