EU plans to cut steel import quotas after industry protests
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LONDON (Reuters) - The European Commission has proposed boosting measures to protect against a rise in imports spurred by U.S. tariffs after steel companies said the European industry was under threat.The Commission said in a statement on Wednesday it planned to cut an increase in import quotas to 3% from 5% effective from Oct. 1.In June, senior steel executives including from Outokumpu , Salzgitter , and a division chief at ArcelorMittal , urged the Commission to scrap or postpone the 5%..