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Great Britain - Latest news GMK Center

Photo – UK to start reviewing import quotas for hot-rolled steel
UK to start reviewing import quotas for hot-rolled steel

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

Photo – UK should stimulate domestic scrap consumption – expert
UK should stimulate domestic scrap consumption – expert

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

Photo – UK reduced steel production by 6.5% y/y in 2023
UK reduced steel production by 6.5% y/y in 2023

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

Photo – Green transition of the British steel industry will cause a jump in demand for scrap
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

Photo – British equivalent of CBAM will affect stainless steel imports – MEPS
British equivalent of CBAM will affect stainless steel imports – MEPS

The country already depends on foreign supplies of these products

Photo – UK plans to introduce a tax on imports of carbon steel by 2027
UK plans to introduce a tax on imports of carbon steel by 2027

In this way, the government plans to protect the local industry from cheap imports from countries with less strict climate policies

Photo – UK Steel calls for keeping scrap in the country for a green transition
UK Steel calls for keeping scrap in the country for a green transition

Scrap should stay in Britain to help decarbonise the industry

Photo – India is concerned about a potential British equivalent of CBAM
India is concerned about a potential British equivalent of CBAM

The country seeks to provide a mechanism for resolving these issues in a free trade agreement

Photo – UK plans to introduce a carbon tax in 2026
UK plans to introduce a carbon tax in 2026

In this way, the country will protect local producers from unfair competition from regions with lower carbon costs

Photo – UK steel industry’s green transition requires scrap recycling strategy
UK steel industry’s green transition requires scrap recycling strategy

It is difficult to imagine the future of the industry without a transition to EAF and more efficient use of raw materials

Photo – New EU sanctions against Russia could significantly affect British steelmakers
New EU sanctions against Russia could significantly affect British steelmakers

The restrictions will require evidence that the raw materials used to produce the final product do not come from the Russian Federation

Photo – UK begins review of safeguard measures on steel imports
UK begins review of safeguard measures on steel imports

The review will cover 15 categories of steel products

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