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Losing access to the EU market, the largest destination for UK steel exports, would have a "catastrophic" impact on jobs, a key union said.

New Delhi links concessions on Scotch whisky to progress in talks over proposed British safeguards on steel imports

New Delhi links concessions on Scotch whisky to progress in talks over proposed British safeguards on steel imports

US President Donald Trump announces a 25% tariff on all steel and aluminum imports without exceptions, raising concerns among global exporters. The tariffs take effect on March 4, alongside potential ...

Investing.com -- British Prime Minister Keir Starmer expressed his confidence on Wednesday that tariffs on U.S. imports of British steel would be eliminated in the near future, potentially within a "couple of weeks". This development would help avoid a looming July deadline that could have seen the tariffs rise to as much as 50%. Starmer informed lawmakers about a deal that is currently being implemented. He expressed optimism that this deal would result in the reduction of tariffs in line with its terms. "We have a deal, and we’re implementing it, and within a very short time, I’m very confident we will get those tariffs down in accordance with the deal," Starmer stated. He further suggested revisiting the topic in a few weeks once the deal has been fully implemented. This move could have significant implications for the trade relations between the UK and the U.S., particularly in the steel industry. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

The UK is to revoke its safeguard measures on cold-rolled sheets as the country’s sole producer is ceasing production of these products for domestic sale, Kallanish notes from Trade Remedies Authority’s (TRA) notice published on 22 January 2025. The…

Amid the ongoing review of EU steel import safeguard measures, the European Steel Association (Eurofer) has provided recommendations to the European Commission on making the measures more restrictive, according to Yuriy Rudyuk, partner at Van Bael &…

On 10 January 2025, EUROMETAL officially submitted its response to the European Commission as part of the ongoing functional review of the EU Safeguard Measures on Steel Imports. This submission reflects EUROMETAL’s commitment to representing the…

Vietnam, Japan, and Taiwan face immediate EU tariff-rate quota (TRQ) pressure as hot rolled coil orders from those origins are already oversubscribed for the first quarter by 9%, 56%, and 13%, respectively, as of 6 January. This is against new EU…

European Commission has initiated a functional review of the EU Safeguard measures on steel imports. This decision follows a request from 13 EU Member States, who provided evidence pointing to a contraction in Union demand for steel and widening gaps…