Contents
Article 8#
1.The Commission is empowered to adopt delegated acts in accordance with Article 9 to amend the volumes of tariff quotas listed in Annex II, while ensuring that their total value is neither lower than 14400000 tonnes nor higher than 22200000 tonnes.The Commission shall take into account the Union interest and, as applicable, the following elements:
(a)the evolution of demand;
(b)changes in the import market shares;
(c)significant developments in global overcapacity;
(d)the decarbonisation path of the steel sector in the Union;
(e)the evolution and extent of third-country measures impacting imports of steel;
(f)potential issues of availability of supply in certain product categories linked to insufficient capacity readily available in the Union in certain product categories compared to demand, and to significant related price increases, negatively impacting the Union’s downstream industries;
(g)the objectives of the Union’s common security and defence policy;
(h)undue crowding-out effects in certain tariff quotas.
2.Where, in the case of sudden changes on the markets of the product categories listed in Annex I, it is necessary to amend this Regulation quickly and imperative grounds of urgency so require, the procedure provided for in Article 10 shall apply to delegated acts adopted pursuant to this Article.
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