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UK Slashes Steel Import Quotas by 60% Starting July

3/19/2026

27 6 Full Breakdown

Summary

Story summary

The UK government will cut steel import quotas by 60% starting in July.
There is no timetable yet for achieving a 50% domestic steel production target.
Peter Kyle, the UK Business Secretary, said tariffs would not apply to contracts before March 14, would raise British steel use from 30% to 50%, and would not harm manufacturers relying on foreign steel or raise prices for consumers.

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Story summary

The UK government will cut steel import quotas by 60% starting in July.
There is no timetable yet for achieving a 50% domestic steel production target.
Peter Kyle, the UK Business Secretary, said tariffs would not apply to contracts before March 14, would raise British steel use from 30% to 50%, and would not harm manufacturers relying on foreign steel or raise prices for consumers.