The GuardianLean L·
UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
Duty on imports outside new quota will double in move echoing similar changes in EU limits Business live – latest updates The UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and bolster its beleaguered local industry. New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes. The UK said it and the EU had agreed an approach t…
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