Great Britain

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

The number of companies supplying products for large infrastructure projects is growing

The company plans to consolidate its business in the country under a new legal entity

The government has proposed seven duty rates – for each individual sector to be covered by the mechanism

Imports of raw materials fell by 49.3% y/y, and finished products – increased by 0.6% y/y

In particular, the two largest producers of aluminum in the Russian Federation have come under sanctions

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

Revisions related to Tata Steel's plans to close blast furnaces in Port Talbot

The low level of its use, in particular, is determined by electricity prices

During the year, British metallurgists produced 5.6 million tons of steel

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

The country already depends on foreign supplies of these products