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UK to halve tariff-free steel imports to counter glut of cheap Chinese metal

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Duty on imports outside new quota will double in move echoed by similar changes in EU limitsBusiness live – latest updatesThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and boost its beleaguered local industry. New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes.

Duty on imports outside new quota will double in move echoed by similar changes in EU limits

The UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and boost its beleaguered local industry.

New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes.

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UK (LOCATION) Chinese (ORG) EU (ORG)
Originally published by The Guardian World Read original →