British steelmakers regain access to EU market
British steelmakers stand to make millions extra a year as the EU gets rid of its steel tariffs today [Friday 1 August] – a direct win from the Prime Minister’s EU deal signed back in May.
ADVERTISEMENT: Robinhood: Where Investing Meets Simplicity — Join Now
This means UK steelmakers will be able to export more steel used for large building projects – like support beams – to the EU tariff-free, supporting the UK’s wider economic growth ambitions and helping deliver on the Plan for Change.
This follows the decision to take control of British Steel following years of mismanagement – a decision which saved thousands of jobs and secured Britain’s place as a steelmaker. This builds on the significant support that this pro-steel Government has already delivered — from our £500 million investment in Tata’s green steel transition and our deal with the US to reduce tariffs on UK steel.
The UK steel sector supports around 40,000 jobs across 1,145 firms, with a further 61,000 jobs in related industries that supply materials and services to steel producers. These changes will enable UK steelmakers to once again export goods worth several millions of pounds annually to the EU, strengthening vital revenue streams for UK businesses.
ADVERTISEMENT: Robinhood: Where Investing Meets Simplicity — Join Now
Secretary of State for Business and Trade, Jonathan Reynolds said:
The restored quota will re-establish historic trade flows between the UK and the EU, easing the administrative and financial burdens that have affected steel exporters. It will also provide much-needed certainty for UK steel operating in an increasingly volatile global market. Crucially, this change will help safeguard skilled jobs across the country and preserve long-standing supply chains with EU customers.
The country-specific quota allows the UK to export a certain amount of steel to the EU without paying an extra tariff, helping maintain fair trade and avoid sudden surges in imports. We can now export up to 27,000 tonnes of steel to the EU each quarter — that’s roughly a football stadium’s worth of steel every year.
ADVERTISEMENT: Robinhood: Where Investing Meets Simplicity — Join Now
This follows complex negotiations and demonstrates the UK Government’s ability to secure practical wins for domestic industry. It builds on a series of recent measures delivered under the Plan for Change, including a £500 million investment in greener steelmaking at Port Talbot, targeted action to reduce electricity costs and strengthen procurement rules. These steps have been complemented by enhanced trade defences designed to protect jobs and support long-term competitiveness in the sector.
EU Relations Minister Nick Thomas-Symonds said:
Gareth Stace UK Steel said:
British Steel Chief Commercial Officer (interim) Lisa Coulson said:
This announcement reinforces the Government’s commitment to fair, open, and stable trade in key sectors — with steel being a clear example of strengthened UK-EU cooperation delivering results for British industry.
ADVERTISEMENT: Robinhood: Where Investing Meets Simplicity — Join Now
Notes to Editors