Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
TRA recommends 40% country-specific quota caps on select steel products.
Carry-over of unused quotas to be abolished from July 2025.
UK Steel calls for tougher, market-responsive trade defense policies.
The United Kingdom’s Trade Remedies Authority (TRA) has proposed country-specific quota caps on select steel imports to safeguard its domestic industry against oversupply pressures from global markets. The recommendation follows a thorough review of the UK’s steel safeguard measures.
Key Highlights:
Introduction of Quota Caps:
From October 1, 2025, a 40% cap will be imposed on residual quotas for specific steel product categories, including metallic coated sheets, non-alloy and other alloy quarto plates, and rebar.
Removal of Carry-Over Quotas:
Starting July 1, 2025, the carry-over mechanism allowing unused quotas to roll over into the next quarter will be discontinued to maintain fair market balance.
Industry Concerns:
While TRA’s proposal aims to stabilize the domestic market, UK Steel has voiced concerns that the measures may fall short and urged the government to adopt stronger, more adaptive trade protections.
Also Read : SEML Q4 Profit Rises 15% to ₹142 Cr India Steel Works Shows Technical Shift Amid Long-Term Financial Challenges
The government of India has provided clarity, stating that there are currently no discussions regard...
Announcement 07-Feb-2024
The steel ministry supports a second round of the PLI program for speciality steel manufacturing, Un...
Notification 29-Jul-2024
On February 6, Prime Minister Narendra Modi will inaugurate the three-day India Energy Week event in...
Announcement 05-Feb-2024
US-Japan set new tariffs, kept steel and aluminium at 50% New U.S.–Japan Trade Deal Sets 15%...
US 25-Jul-2025
Turkey's steel industry has recently experienced significant growth, with exports increasing by 27.6...
Business 04-Mar-2025
In a major move to accelerate domestic steel production, the Ministry of Steel has signed MoUs...
India 11-Feb-2026