Great Britain - Latest news GMK Center

Industry development strategy with a focus on green steel presented at the parliamentary summit

Currently, a third of the steel purchased by the government is imported

Review initiated at the request of Tata Steel UK

The proposed restructuring should reduce the company's debt

The mechanism will put a carbon price on imported goods from a number of sectors

The industrial strategy and the National Welfare Fund should support the country's industrial base

This mechanism can become an incentive for joining the British ETS to the European one

Safeguards protecting the UK sector from trade diversion will expire in 2026

Total volume of the quota for the two subcategories will be 3.3 million tons per year

The government plans to coordinate the reforms of the national ETS with the introduction of its own analogue CBAM

Steel producers are concerned that dumped steel may be diverted to the country

There remains a significant gap between the cost of electricity for British steelmakers and their European competitors