The Digester

The government will raise steel duties to 50% and slash many import quotas from July under a £2.5bn plan designed to grow UK production, secure jobs in Wales and counter a flood of cheap Chinese steel.

Duties on steel imports outside reduced quotas will rise to 50% from July.
Import quotas on many overseas steel products will be cut by 60% from July.
The government has launched a £2.5bn plan aiming to boost domestic steel production by 30%.
The strategy sets a target that 50% of UK steel use be made domestically and half of that output be produced in Wales.
Measures mirror recent US, EU and Canadian moves against cheap Chinese steel and follow warnings about the risk to plants such as Port Talbot and Scunthorpe.

UK to double steel tariffs to 50% to protect domestic plants

Articles