UK Steel Industry Faces Deep Crisis as EU Raises Tariffs
The United Kingdom’s steel industry is bracing for one of its worst crises in decades following the European Union’s decision to raise import tariffs and reduce tariff-free steel quotas. The EU announced plans to cut tariff-free quotas for imported steel by 47% compared to 2024 levels, while doubling tariffs from 25% to 50% on imports that exceed those limits. According to the European Commission, the new measures are designed to protect the EU steel sector, safeguard jobs, and support ongoing decarbonisation efforts. The proposal will replace the current steel safeguard measure, which expires in June 2026. The move has sparked strong reactions in the UK, where the steel sector has already been hit by plant closures, job losses, and existing U.S. tariffs of 25% on steel exports. “This is perhaps the biggest crisis the U.K. steel industry has ever faced,” […]