Steel industry in UK warns of 'biggest crisis' ever as EU hikes tariffs

From cnbc.com

The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the U.K., as well as rumblings of discontent among carmakers on the continent. The bloc announced plans on Tuesday to reduce tariff-free quotas on imported steel — proposing a reduction of 47% compared to 2024 steel quotas — and to hike tariffs from 25% to 50% on any excess imports. The European Commission said the measures were a response to calls from workers, industry and several member states “to offer strong and permanent protection to the EU steel industry, with a view to safeguarding EU ... (full story)