In 2024, the EU exported €77.8 billion and imported €73.1 billion in iron and steel, resulting in a trade surplus of €4.7 billion. Exports rose by 15.2% and imports by 23.7% compared to 2019, but the physical weight of exports declined by 17.3%. Turkey was the top partner for exports, while India was the main importer. The European Commission plans to tighten import quotas by 15% to prevent cheap steel influx due to US tariffs, aiming to protect European steel producers. Teljes cikk (Euronews.com)