UK strengthens steel safeguard measures
Steel producers across the UK will benefit from stronger trade measures from 1 July, as the government moves to better protect domestic industry from unforeseen surges in foreign imports as part of the Plan for Change.
ADVERTISEMENT: Send Money Worldwide with Wise – Get a Free Transfer!
Following a recommendation from the Trade Remedies Authority (TRA), the Business Secretary has confirmed the final decision on the current steel safeguard, taking decisive action in the national interest to strengthen existing protections against spikes in foreign imports- delivering on the Government’s commitment to rebuild Britain’s industrial strength.
The changes to the steel safeguard will make the measure more effective by slowing future increases, capping certain import levels and tightening country-specific limits- ensuring UK steel producers won’t be undercut while still making sure the UK has a steady and reliable supply.
ADVERTISEMENT: Send Money Worldwide with Wise – Get a Free Transfer!
They will also strike the right balance between maintaining open trade and ensuring long-term viability for the UK’s steel sector which remains critical to the economy and to communities across the country.
This decision builds on the Trade Strategy published last week, which set out how the UK Government will strengthen its trade defences to protect key industries like steel, ensuring a fairer and more secure trading environment.
ADVERTISEMENT: Invest Smarter. Zero Fees. Robinhood Trading Platform
Business and Trade Secretary Jonathan Reynolds said:
Today’s announcement delivers immediate protection and builds on the Industrial and Trade Strategies announced last week, reinforcing the government’s commitment to protecting jobs and securing the long-term success of domestic industry.
ADVERTISEMENT: Invest Smarter. Zero Fees. Robinhood Trading Platform
This decision sits alongside a call for stakeholder views to shape the UK’s future trade approach to steel after June 2026. Yet another example of the UK’s commitment to strengthened trade defences.
Notes to Editors