Great Britain
UK TRA recommends extension of safeguard measures for 15 steel categories

The final recommendation was submitted to the Secretary of State for Business and Trade
Tata Steel India reaches record steel production in FY2023-2024

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons
UK government projects use more local steel – UK Steel

The number of companies supplying products for large infrastructure projects is growing
Liberty Steel restructures UK business after deal with creditors

The company plans to consolidate its business in the country under a new legal entity
UK launches consultations on introducing its own CBAM in 2027

The government has proposed seven duty rates – for each individual sector to be covered by the mechanism
UK reduced imports of iron and steel products from Ukraine by 37% y/y in 2023

Imports of raw materials fell by 49.3% y/y, and finished products – increased by 0.6% y/y
UK imposes new sanctions on Russian aluminum and copper producers

In particular, the two largest producers of aluminum in the Russian Federation have come under sanctions
UK plans to extend safeguard measures on 15 categories of steel

The current measures expire in June 2024, and it is recommended to extend them for another two years

UK to start reviewing import quotas for hot-rolled steel

Revisions related to Tata Steel's plans to close blast furnaces in Port Talbot
UK should stimulate domestic scrap consumption – expert

The low level of its use, in particular, is determined by electricity prices
UK reduced steel production by 6.5% y/y in 2023

During the year, British metallurgists produced 5.6 million tons of steel
Green transition of the British steel industry will cause a jump in demand for scrap

Industry associations call for consideration in the matter of export of raw materials and possible restrictions

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