Voestalpine CEO calls for quick adoption of EU steel import plan

Voestalpine AG

08/10/2025 13:14

VIENNA, Oct 8 (Reuters) - Voestalpine VOES.VI CEO Herbert Eibensteiner on Wednesday called a new EU plan to sharply cut steel import quotas "an important step" towards securing Europe's steel sector and called for its quick adoption.

     "These measures must now be adopted quickly and ideally enter into force in early 2026," the Austrian steelmaker's CEO told Reuters.

The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half along with a doubling of the out-of-quota duty to 50% in a bid to preserve viable steelmakers in the European Union.

The proposal will still need approval from EU governments and the European Parliament.

 (Reporting by Alexandra Schwarz-Goerlich, Writing by Miranda Murray
Editing by Ludwig Burger)

 ((Miranda.Murray@thomsonreuters.com;))