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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 : Steel Imports Hit New Peak: India’s Trade Balancing Act Steel Exchange India Struggles Amid Market Volatility
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