Steel News

We strive to let you one step ahead of the market.

UK steel exports at risk due to EU's new tariff measures

17 Apr 2026 13:44 reported by Raul Lee

A A A

New measures by the European Union, including doubling tariffs to 50%, reducing duty-free quotas, and requiring the identification of the origin of steel where it was originally melted and poured, threaten the UK steel industry, given that Europe is its main export market.

 

Experts warn that without a specific exemption agreement, UK steel producers will lose competitiveness against other suppliers, potentially forcing a reduction in production and export volumes.

 

In response to the need to protect the domestic industry, the UK government announced new measures that will come into effect on July 1, 2026, reducing duty-free import quotas by 60% and applying a 50% tariff if quotas are exceeded. However, the country's metal manufacturers warn that these protectionist measures will result in significantly higher costs for both domestic manufacturers and consumers.

Back to Steel News

Related News

Severstal completes 843 million ruble equipment overhaul at CherMK

  • Industry Activities
  • 20 May 2026 16:43

Sweden’s SSAB invests in specialty steel for defense demand

  • Industry Activities
  • 20 May 2026 16:42

SMS group completes major bloom caster upgrade for Mukand Ltd. in India

  • Industry Activities
  • 20 May 2026 16:33

VinMetal & Primetals Technologies unite to build large integrated steel complex in Ha Tinh

  • Industry Activities
  • 20 May 2026 16:22

Jindal Steel to establish RO 150 million facility in Suhar Industrial City

  • Industry Activities
  • 20 May 2026 16:08

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,515.00
  • 3,527.00
  • Aluminum
  • 3,664.00
  • 3,611.00
  • Copper
  • 13,409.00
  • 13,480.00
  • Nickel
  • 18,790.00
  • 18,990.00

Learn more