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Stock impact report

EU to Ramp-Up Tariffs on Steel Imports, Mirroring US Duties [Yahoo! Finance]

Arcelor Mittal NY Registry Shares NEW (MT) 
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.arcelormittal.com/investors
Company Research Source: Yahoo! Finance
(Bloomberg) -- The European Union is planning to boost tariffs on steel imports in an effort to help local producers cope with the impact of Asian overcapacity as well as new trade barriers imposed by the US. The European Commission, the EU's executive arm, will propose early next week a long-term mechanism that will also reduce the bloc's existing quotas for foreign steel by almost a half, the EU's industry chief, Stephane Sejourne, told a closed door event on Wednesday, according to a person familiar with his speech. Most Read from Bloomberg NYC's Transit System Raises Fares, Tolls as MetroCard Nears End Trump Housing Agency Removes Lawyers Who Filed Whistleblower Report For Lovers of Brick, Chicago Is a Wonderland After the Pandemic ‘Reset Button,' Downtowns Reinvent Themselves Steel imports beyond those quotas will be subject to the new tariff rate, which will mirror the policy of other jurisdictions such as the US, which imposes a 50% duty on imported steel. Shar Show less Read more
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