Posted on 03 Jul 2026
The EU implemented a new steel import quota system on July 1, slashing Taiwan’s galvanized product allocation by roughly 70% to just over 130,000 tons, down from about 400,000 tons. This restriction strains major domestic producers like Yieh Phui, Sheng Yu, and Prosperity Tieh.
Without Free Trade Agreements (FTAs) or reciprocal mechanisms, Taiwanese mills face severe price competition externally and rising import threats domestically. Furthermore, displaced steel from Asian competitors facing similar EU cuts could flood Taiwanese markets.
To mitigate the losses, manufacturers plan to redirect shipments to non-EU markets such as the UK, Canada, and distant nations, or capitalize on US demand.
Besides, steel mills seek product upgrades and urge the government to implement CNS product certifications to reduce import threats.
Source:Yieh
