Steel industry welcome for business secretary’s commitment to sector
3 Jul 2025
Business secretary Jonathan Reynolds, has “again shown that he is on the side of British industry in following UK Steel’s recommendations to tighten existing steel safeguards”, claimed the organisation.
In an earlier letter to the Trade Remedies Authority, Reynolds indicated he accepted the call to limit the liberalisation of the existing steel import quotas in line with EU measures and to prevent individual countries from harming domestic producers.
The Business Secretary also intends to implement the Trade Remedies Authority’s recommendations to prevent unused quarterly quotas from being rolled over to the following quarter and prevent countries with a specific quota from accessing residual quotas in the final quarter, in line with UK Steel’s requests.
UK Steel Director-General, Gareth Stace called the response “a tremendous outcome and a demonstration of the secretary of state’s commitment to our industry”.
“The measures will reduce the pressure of steel diversion from the US and EU and prevent countries that flood international markets with unsustainably cheap steel from swamping the UK and driving our steel manufacturers out of business,” he stated.
