FRANKFURT (Reuters) -The European Commission plans to impose tariffs of 25% to 50% on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported, citing senior officials in Brussels.

The European Commission had no immediate comment on the Handelsblatt report, which was published late on Thursday. China’s ministry of commerce did not immediately respond to a request for comment about the potential tariffs.

The Commission’s President Ursula von der Leyen said earlier this month it would propose a new method to curb steel imports, as global overcapacity was straining margins and making it harder for Europe’s steel industry to invest in decarbonisation.

She added the Commission would propose a new, long-term trade instrument to replace expiring ste

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