India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
As of August 1, 2025, the United Kingdom has resumed duty-free exports of select steel products to the European Union under a revised tariff-rate quota (TRQ) system. This marks a key breakthrough in post-Brexit trade relations and offers relief for British steelmakers facing rising costs and export barriers.
The EU’s updated import quota framework allows specified volumes of steel from the UK to enter without triggering tariffs. Once these quotas are filled, standard safeguard duties will apply. The move aligns with ongoing EU efforts to recalibrate trade protections while maintaining fair competition.
Key products covered under the duty-free scheme include hot-rolled flat steel, coated steel, and some long products. The measure is expected to improve order books for UK producers, especially those previously burdened by 25% duties on out-of-quota shipments.
Industry leaders have welcomed the move, citing its importance for maintaining cross-channel steel supply chains and stabilizing market access. However, they caution that quota limits remain tight and may require ongoing renegotiation as demand fluctuates.
This development follows months of UK-EU negotiations and is seen as a positive step toward rebuilding trade momentum in the steel sector.
Let me know if you’d like a breakdown by product type or EU member state import limits.
Also Read : ArcelorMittal to Slash 600 Jobs in France as European Steel Crisis Deepens EC approves €1.3 Bn in state aid for ArcelorMittal’s decarbonisation
According to official data, Indian Railways shipped 9.3% more coal in May of this year than in the s...
Renewables 07-Jun-2024
India will eliminate most tariffs on industrial products from four European nations in exchange for...
Business 11-Mar-2024
✅ Record-breaking output: MOIL achieves its highest-ever manganese ore production in FY 2024-25.✅...
Business 04-Apr-2025
India's path to becoming a global steel production hub is outlined in its ambitious targets of reach...
Ferrous 25-Jul-2024
In a strategic move to bolster its position in the heavy equipment manufacturing industry, Gainwell...
Mid Corporate 25-Jan-2024
SAIL Opens Office in Dubai to Enhance Global Presence Steel Authority of India Limited (SAIL) has t...
Announcement 04-Jul-2025