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Story summary
- The UK will double tariffs on Chinese and foreign steel to protect industry, as Tata Steel in Wales faces collapse.
- Business Secretary Peter Kyle announced a £2.5 billion strategy to reach 50% domestic steel and 30% more production.
- From July, import quotas will be reduced by 60%.
- Tariffs on excess imports will rise to 50%.
- Despite positive talks with Tata Steel, energy prices and the Scunthorpe plant costs remain.
