The UK faces a crucial juncture in 2026 when current protective measures on steel imports will expire, potentially jeopardizing recent investments in the domestic industry.
The scale of excess supply from China is overwhelming, and existing trade protection mechanisms are insufficient to counteract this massive influx of cheap steel into the UK market.
UK Steel urges the government to implement further protectionist trade measures to safeguard the industry, balancing international obligations with the national interest.
Gareth Stace highlights the need for the UK to protect its steel industry or risk losing out on key investments and jeopardizing jobs.
#uk-steel-industry #trade-protectionism #chinese-steel-market #global-steel-surplus #wto-regulations
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