UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
Overview
Duty on imports outside new quota will double in move echoed by similar changes in EU limits
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 boost its beleaguered local industry.
Details
New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes.
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Originally published at www.theguardian.com.