UK Steel Exports

Part of International Trade – in the House of Commons at on 10 June 2021.

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Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

We are working to de-escalate trade tensions that negatively impact steel exporters, including our pursuit of a permanent resolution to the US section 232 tariffs, which so unfairly harm the UK steel industry. I am pleased to say that in terms of the EU we have agreed tariff-rate quota allocations for UK steel exports, without which the industry could have been hit by a 25% tariff and an estimated cost of £80 million in the first half of this year alone.