
Tariff and mill price rises stun US stainless buyers
June 1, 2025
Tariff and mill price rises stun US stainless buyers
June 1, 2025UK Secretary of State tightens steel import safeguards
The UK’s steel import safeguard measures have been tightened beyond earlier proposals made by the country’s Trade Remedies Authority (TRA), following intervention from the Secretary of State.
Under new regulations, implemented from tomorrow (July 1), 15% caps will be applied to individual countries’ use of the quarterly import quotas for Category 4 (metallic coated sheet), Category 7 (non-alloy and other alloy quarto plates) and Category 13 (rebar). The TRA had recommended 40% caps on each of these categories.
Secretary of State Jonathan Reynolds also decided to reduce the volume by which the tariff-rate quotas for each of the UK’s 14 product categories was due to be liberalised, from July 1, to 0.1% (instead of 3%).
In a further tightening of the country’s safeguard measures, a statement issued by the UK government today said that it will:
- Prevent any unused quarterly quotas from being made available in the following quarter.
- Prevent WTO members with a country-specific quota from accessing the residual quota in the final quarter of the safeguard year (April 1 to June 30, 2026).
- Update the country’s “developing country” exemptions based on UK import data for the period January 1, 2024, to December 31, 2024, and in line with the WTO Agreement on Safeguards.