EU plans to cut steel import quotas, hike tariffs to 50%

By Julia Payne BRUSSELS (Reuters) -The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, a source briefed on details told Reuters on Wednesday. The measures will be part of a new package for the steel sector set to be officially unveiled on October 7. Stephane Sejourne, the Commission's executive vice president for industrial strategy, briefed steel associations on Wednesd ...