The Anonymous Widower

UK Steel Industry Backed By Major New Trade Measure And Strategy

The title of this post, is the same as that of this press release from UK Government.

These three bullet points act as sub-headings.

• Landmark new Steel Strategy sets ambition for up to 50% of steel used in the UK to be made in the UK, boosting production from 30%.

• UK will introduce new trade measure to support national security by preserving vital steel production for critical national infrastructure and defence.

• Steel import quotas will be reduced with higher tariffs of 50% outside of quotas, ensuring the UK steel sector’s future in the face of global overcapacity.

These three paragraphs add details.

On a visit to Tata Steel Port Talbot to meet steelworkers and launch the Strategy, the Business and Trade Secretary Peter Kyle announced the Government’s ambition to boost domestic production so that it can meet up to 50% of our domestic demand for steel, and secure the industry’s role in supporting vital UK sectors like infrastructure, defence and clean energy.

Building on the direct financial support the government has made so far, the National Wealth Fund will be the government’s main mechanism for providing up to £2.5 billion of financing for investment in the steel sector this Parliament. The Steel Strategy forms a vital part of the Government’s activist and strategic approach to British industry, taking decisive action to give businesses the certainty and support they need in uncertain times and bolstering the UK’s resilience.

Today, the UK also announces that from 1 July 2026, overall quota levels for steel imports will be significantly reduced by 60% compared to current arrangements, and steel coming into the UK above these levels will be subject to a 50% tariff.

March 19, 2026 - Posted by AnonW | Manfucturing, News | British Steel, Electric Arc Furnace, Port Talbot, Steel, Tata Steel