The UK government is set to enforce new steel safeguard measures from July 2025, addressing rising concerns about redirected imports due to tariffs on U.S. steel. The measures include tightening the steel import quota liberalization rate from 3% to 0.1%, capping residual quotas, and restricting country-specific import limits. These changes aim to protect UK steel manufacturers from being undercut by cheaper, heavily subsidized foreign steel. UK Steel's Director-General, Gareth Stace, praised the decision as crucial for the domestic industry amidst challenges to global supply chains.
These changes mirror similar safeguards adopted by the European Union and are intended to shield UK producers from unfair competition and unsustainable price pressures caused by heavily subsidised foreign steel.
Jonathan Reynolds has shown that he is on the side of British industry by implementing these urgent safeguards. This will help diminish the injury caused to UK steelmakers by a spike in redirected imports following the US steel tariffs.
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