Source · Select Committees · Public Accounts Committee
Recommendation 26
26
On 1 July 2026, the government introduced a new set of trade measures for steel,...
Conclusion
On 1 July 2026, the government introduced a new set of trade measures for steel, including reduced quotas on imported steel, with higher tariffs on above-quota imports. The government’s steel strategy states that “the measure is designed to ensure the continued viability of domestic steel production in the UK and will take into account the impact on supply for downstream sectors.” The strategy states that “steel is an essential part of our national life and key to the UK government’s priority mission to deliver strong, secure and sustainable economic growth”.72