The UK
UK considers introduction of CBAM analogue to protect steel industry

Duty could be a part of British Steel and Tata Steel UK support package
The UK to review steel import quotas for developing countries

It is about steel products imported from 120 developing countries
Liberty Steel UK will concentrate on the production of high-margin products

Due to uncompetitiveness, the company will stop several factories that produce unprofitable products
Electricity prices increased in most of Europe in December 2022

In 2022, the highest average monthly wholesale price in the EU was in August
The UK will need 10 million tons of steel by 2030 for energy security

About 3.5 million tons will be needed for solar and nuclear power plants
Italy’s Marcegaglia buys a stainless steel plant in the UK

In this way, the company plans to bypass the protective measures of the European Union, anti-dumping duties and the CBAM mechanism

The UK’s steelmakers call on the government to urgently support the industry

The steel sector was under threat due to energy prices and cheap imports
UK Steel has called on the government to extend the electricity bill compensation scheme

The company expects to receive a response from the UK's authorities to confirm and improve the operation of the scheme after March 2023

The UK reduced iron and steel imports by 11% y/y in monetary terms

The EU countries accounted for the largest share of imports
The UK’s trade unions are calling on the government to support the steel industry

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity

The largest blast furnace Redcar in the UK was demolished

It was destroyed by a controlled explosion, changing the Teesside skyline forever

Tata Steel UK will reduce carbon emissions by 50 thousand tons per year in Port Talbot

The company plans to modernize blast furnace №5 to reduce the use of coke in steel production

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