UK to halve tariff-free steel imports to counter glut of cheap Chinese metal (opens original article in a new tab)

The UK government will implement new steel import safeguards, halving tariff-free imports and increasing tariffs on excess steel to address global oversupply and support domestic industry.

• UK will halve tariff-free steel imports to address global oversupply of cheap Chinese steel
• New safeguards set 3.2m tonne duty-free quota, up from previous levels
• Tariffs on imports above quota will double to 50% of product value