<p>➀ The EU announced plans to reduce steel import quotas by 47% (from 30.53 million tons to 18.3 million tons) and raise tariffs from 25% to 50% for excess volumes, mirroring U.S. trade barriers, threatening South Korea’s steel exports; Korea’s 2023 exports to the EU totaled $4.48 billion (≈6.28 trillion KRW), surpassing U.S.-bound exports ($4.35 billion).</p><p>➁ The bipartisan "K-Steel Act," aimed at supporting carbon-neutral green steel and countering unfair trade practices, remains stalled in parliamentary committees due to political conflicts, delaying critical industry support.</p><p>➂ The South Korean government plans to unveil measures this month, including a new export guarantee scheme worth 400 billion KRW (~$285 million at 1,400 KRW/USD), to bolster the steel sector amid mounting global protectionism.</p>