Economy
Trade defence
Brussels builds a 50% wall around its steel. Luxembourg's furnaces wait to see if it holds
On 8 June 2026 EU ministers gave final approval to a regulation that slashes tariff-free steel imports by 47% and doubles the out-of-quota duty to 50%, replacing the safeguard that expires on 30 June. The measure is aimed squarely at a flood of cheap, subsidised steel linked to Chinese overcapacity. For Luxembourg, home to ArcelorMittal's headquarters and 3,520 steelworkers, the rules will help decide whether the LUX2029 restructuring deal stabilises the country's industrial anchor.