The UK government has implemented sweeping trade protection measures for its steel industry, reducing import quotas by 60% from July and raising tariffs to 50% for imports exceeding quota limits. The policy aims to boost domestic steel production to meet half of Britain's total demand.
The new quota system will significantly restrict the volume of steel that can be imported at lower tariff rates, forcing buyers to either pay the higher 50% duty or source from domestic producers. The government has positioned the move as essential for maintaining steel production capacity within the UK.