US Edition
UK Steel Industry to Receive Stronger Trade Protection
- The UK Government will implement stronger trade safeguards for domestic steel producers starting July 1 to prevent surges in cheap imports.
- This measure is being implemented in response to advice from the Trade Remedies Authority and takes place amid ongoing complex discussions with the US concerning rules of origin for steel goods.
- The new safeguards will slow import growth, cap volumes, and tighten country-specific limits affecting imports from Vietnam, South Korea, and Algeria.
- Business Secretary Jonathan Reynolds affirmed the government's strong commitment to the steel industry in the UK, highlighting efforts to safeguard the livelihoods of the many families and communities dependent on steel manufacturing.
- These actions are included within the government’s wider Plan for Change and a new Steel Strategy aimed at ensuring a competitive future for the UK steel industry.
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HS2 spent more than £100m on foreign steel in a year
The government spent more than £100m on steel made outside the UK for the High Speed 2 (HS2) megaproject in the year to April 2024, data has revealed. Figures published by the Department for Business and Trade last week showed that 63 purchases of steel… The post HS2 spent more than £100m on foreign steel in a year appeared first on Construction News.
Coverage Details
Total News Sources14
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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