Steel Falls as EU Tightens Trade Measures in Commodity News 14/04/2026 Steel rebar futures dropped below CNY 3,080 per ton, sliding toward six-week lows after the European Union moved to raise tariffs on imported steel to 50%, aiming to protect its struggling domestic industry from a surge in low-cost Chinese supply. The agreement also reduces duty-free import quotas by 47%, with EU trade chief Maros Sefcovic warning that persistent global overcapacity poses a threat to Europe’s industrial base. China’s steel exports continue to face mounting pressure from anti-dumping measures and rising protectionism overseas, alongside a prolonged downturn in the property sector and softer construction activity at home. Market sentiment was also shaped by geopolitical developments, as investors weighed the possibility of a longer-term US-Iran ceasefire despite the ongoing US blockade on Iranian shipments. Source: Trading Economics 2026-04-14 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share