Contents
Article 1#
1.The objective of this Regulation is to address the negative trade-related effects of global overcapacity on the Union steel market by establishing a coherent and comprehensive framework based, on the one hand, on the opening of tariff quotas and the setting of an out-of-quota duty in respect of the products within the scope of this Regulation imported into the Union and, on the other hand, on the possibility, where appropriate, of applying bilateral safeguard measures in respect of those products originating in third countries with which the Union has concluded a free trade agreement.
2.Measures adopted under this Regulation shall not restrict trade beyond what is strictly necessary to address the negative effects of global overcapacity on the Union steel market.
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