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UK Steel Exports Face Crisis Amid New Green Taxes

12/22/2025

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Summary

Story summary

UK manufacturers face new January green taxes affecting £7 billion of exports to the EU after the government failed to secure an exemption from the carbon border adjustment mechanism.
The EU has doubled tariffs on UK steel imports to 50%, posing an existential threat to the industry.
UK Steel warns the paperwork will burden small and medium-sized enterprises, and UK officials urge a carbon linking agreement to protect exports.

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Story summary

UK manufacturers face new January green taxes affecting £7 billion of exports to the EU after the government failed to secure an exemption from the carbon border adjustment mechanism.
The EU has doubled tariffs on UK steel imports to 50%, posing an existential threat to the industry.
UK Steel warns the paperwork will burden small and medium-sized enterprises, and UK officials urge a carbon linking agreement to protect exports.