The government has published its latest report on the amount of UK-made steel it has purchased, alongside its estimate of the steel it will need over the next decade.
The Trade Remedies Authority (TRA) has recommended the extension of the UK’s steel safeguards for all 15 product categories currently covered by the measure until June 2026.
The government has confirmed that the UK will implement a Carbon Border Adjustment Mechanism (CBAM) in 2027, one year after the European Union fully implements its own.
UK Steel has launched a report showcasing the vast chasm between UK industrial electricity prices and what European competitors pay, setting out four recommendations to deliver competitive electricity prices for the UK steel industry.
UK Steel is warning that almost 23 million tonnes of non-EU steel could flood the UK market, if the UK fails to introduce its own tariff at the same time as the EU.
The UK Government is facing calls from UK Steel, manufacturers and unions to reverse its opposition to higher tariffs for unfairly traded steel after the US moved yesterday to block Chinese steel dumping.