EU Steel Tariff Hike Puts UK Mills on the Defensive
Brussels plans to slash steel import quotas and layer 50% duties on excess tonnes, forcing the UK to negotiate fresh safeguards for its biggest export market.
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Subscribe NowBrussels plans to slash steel import quotas and layer 50% duties on excess tonnes, forcing the UK to negotiate fresh safeguards for its biggest export market.
The US has imposed 50% tariffs on EU steel and aluminium, requiring complex origin documentation that is creating significant administrative burdens and costs for European manufacturers.
The proposed agreement to eliminate 25% tariffs on UK steel exports to the US has been suspended indefinitely, leaving the industry disappointed but maintaining competitive advantage over other nations.
The steel industry faces unprecedented regulatory complexity with evolving trade policies, tariff rate quotas, and the impending CBAM reporting requirements.
The government is considering a radical consolidation of the UK's six steel companies to create a more sustainable and competitive industry.
Northern Ireland could provoke a row between the UK and EU over environmental taxes, a business organisation has warned.
The UK's new Carbon Border Adjustment Mechanism represents a crucial milestone in the country's journey to net zero emissions by 2050. This comprehensive guide examines the practical implications for businesses.
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