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UK Unveils New Steel Strategy

Published 2 weeks, 2 days ago
Description

Trade Secretary Peter Kyle unveils UKs new steel strategy, offering stronger protections against cheap imports. The plan includes cutting import quotas and hiking duties, aligning with moves by EU, Canada, and US. While steel producers welcome the shields, downstream users worry about higher costs. The strategy replaces old safeguards and aims for a strong, green future in steelmaking and jobs.

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