Fuat Tosyali, the Turkish steel magnate behind Tosyal Holding, has urged the European Union to lift steel import quotas on Turkey and Algeria, arguing the bloc is penalising countries that can supply low emission steel at a time when Europe needs it most.
Speaking on the sidelines of the World Economic Forum in Davos this week, Tosyali said measures aimed at curbing Asian supply, particularly China, are being applied too broadly and are catching upstream producers in the net. In his view, that is not just unfair, it is self defeating for European manufacturers that rely on imported feedstock.
The intervention lands as Brussels weighs a tougher steel defence regime that would shrink tariff free quota volumes and raise the penalty on volumes above those limits. Under the European Commission proposal unveiled in October, the overall tariff free volume would fall by about 47 per cent, from roughly 33 million tonnes to about 18 million tonnes, while the tariff on imports above quota would double from 25 per cent to 50 per cent. The measures are expected to start on July 1, 2026, and run to 2031 if approved.
