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UK Modifies Proposed Steel Import Curb After Industry Complaints

UK Modifies Proposed Steel Import Curb After Industry Complaints
Bloomberg Markets Thursday 25 June 2026, 08:37 UTC By Lucy White 1 min read
Key Points

UK Modifies Proposed Steel Import Curb After Industry Complaints The UK modified proposed steel safeguards after businesses that use the alloy warned that curbs designed to prop up the country’s ailing steel industry would damage their own production. In response to those concerns, the Department for Business and Trade will reduce the quota of steel that can be imported tariff-free by 51% from July 1, compared to the 60% it had initially proposed.

UK Modifies Proposed Steel Import Curb After Industry Complaints The UK modified proposed steel safeguards after businesses that use the alloy warned that curbs designed to prop up the country’s ailing steel industry would damage their own production. In response to those concerns, the Department for Business and Trade will reduce the quota of steel that can be imported tariff-free by 51% from July 1, compared to the 60% it had initially proposed. Several steel products which cannot be produced in the UK will also be exempted from the new measures, though tariffs outside of the quotas will remain at 50%.
UK (LOCATION) the Department for Business and Trade (ORG)
Originally published by Bloomberg Markets Read original →

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