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EU steel tariff hike threatens 'biggest ever crisis' for UK industry
The EU has announced plans to hike tariffs on imported steel in a move the UK's steel industry has said could be "perhaps the biggest crisis" it has ever faced. The commission has set out plans to cut the amount of steel that can be imported into the bloc by half - beyond which the new 50% tariffs will apply. The EU is the UK's most important export destination for steel, worth nearly £3bn and representing 78% of steel products made in the UK for overseas markets. The commission has come under pressure from some member states and their steel industries, who have been struggling to compete with cheap imports ... (full story)
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- Oct 7, 2025 2:43pm Posted byFundamental Analysis210
