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Disorder in the EU’s new steel quota system as customs systems collapse

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The EU’s new steel quota system took effect on July 1, but it immediately triggered widespread operational chaos. All new quotas were inexplicably locked without cause within 14 days after the system went live. The customs systems across Europe cannot display quota balances in real time, and the quota status data for July 7 is completely missing from the system. It is reported that at least 25 quota categories are facing oversubscription, with some exceeding four times, but the system cannot verify in real time who has completed the reporting. At present, all goods awaiting customs clearance must post a deposit equal to 50% of the tariff, placing severe liquidity pressure on cash-strapped small and medium-sized enterprises. Goods remain stuck in ports, leading to high warehousing costs, and the waiting time for physical inspections can be as long as three weeks. Critics point directly to the European Commission as being responsible: the quota implementation details were published only the day before the rules took effect, the customs systems were seriously underprepared, and the routine quota update mechanism is effectively a dead letter. In addition, Article 4(2) on rules of origin has been questioned for lacking legal authorization and contradicting Article 4(1), and may face legal challenges. (Shanghai Metals Market)
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