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EU steel quota cuts threaten higher costs for carmakers, European auto lobby says

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EU steel quota cuts threaten higher costs for carmakers, European auto lobby says
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Oct. 08, 2025 3:11 AM ETFirst Trust S-Network Future Vehicles & Technology ETF (CARZ), SLXTM, RNSDF, NSANY, MBGAF, VWAGY, STLA, DTRUY, BMWKYBy: Arundhati Sarkar, SA News Editor

The European Commission’s proposed extension of protections for the EU steel market, including steep cuts to import quotas and doubling tariffs on steel that exceeds those limits, risks driving up costs for European automakers, the European Automobile Manufacturers’ Association warned on Wednesday.



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