On 11 May 2026, the European Parliament adopted Amendment 61 to the legislative resolution on negative trade-related effects of global overcapacity on the Union steel market. The amendment, tabled by the Socialists and Democrats (S&D) group, formally approves a joint statement by the Parliament, the Council, and the Commission annexed to the resolution. This procedural step finalises the legislative process, confirming the political compromise reached in inter-institutional negotiations and clearing the way for publication in the Official Journal of the European Union.
No other political groups tabled amendments, indicating broad consensus on the final text. The joint statement itself, negotiated in trilogues, addresses the EU's response to global steel overcapacity, which has depressed prices and threatened European producers. The legislation aims to protect the Union steel market through trade defence instruments and monitoring mechanisms, balancing the interests of domestic industry with international trade obligations.
The approval of the joint statement marks the conclusion of the legislative procedure. The regulation will now be published and enter into force, imposing new reporting requirements on steel imports and enabling faster anti-dumping measures. This directly impacts EU steel producers, who face competition from subsidised foreign rivals, and importers, who will face stricter scrutiny. Consumers may see higher steel prices as protective measures take effect, while EU trade authorities gain enhanced oversight powers. The Council is expected to formally adopt the same text in the coming weeks, finalising the EU's unified stance on steel overcapacity.
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