Episode Details

The European Union has announced a significant increase in tariffs and reduction in import quotas on steel, aiming to curb the influx of cheap Chinese steel. This move will limit imports to 18.7 million tonnes annually, affecting 28 product types. The decision comes after a surge in imports last year, which reached record highs. The EU claims this is their most robust safeguard measure, benefiting local steelmakers and workers. However, the UK, now outside the EU, faces challenges as their exports will be subject to these new restrictions. UK Steel is advocating for a quota-sharing deal with the EU, as both sides aim to avoid punishing each other while targeting China. With unions and governments closely watching, negotiations are expected to intensify to maintain industry ties across the channel.

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