EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
February 24, 2026 10:25:16 AM
Feb 24 (Reuters) - European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The planned changes would not affect tariffs on commodity-grade forms of the metals, the report said.
The potential move comes as broader trade negotiations face renewed uncertainty after a U.S. Supreme Court ruling limited the administration's ability to invoke emergency powers to impose sweeping "reciprocal" tariffs, clouding prospects for a comprehensive agreement between Washington and Brussels
Steel News
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Steel Export Market Prices
| Material | Price | Change |
|---|---|---|
| Stainless Seamless Pipe 304 108*4 mm | $ 2196.65 | 11.34 |
| Stainless Scrap 304 Solid | $ 1296.97 | -12.95 |
| Stainless Bar 321 60 mm | $ 2197.04 | -13.10 |
| Stainless Bar 304 60 mm | $ 1956.28 | -13.25 |
| Stainless HR Coil 304/No.1 6.0 mm | $ 1902.08 | -9.39 |