British steel exports to European Union (EU) member states will not be automatically subject to 25pc tariffs after Brexit, according to the latest Tariff Rate Quota (TRQ) allocations published by the European Commission on Oct 30.

 

Pursuant to the UK’s withdrawal agreement with the EU on January 1, 2021, UK-based steelmakers can export the following steel products and volumes through the first two quarters of 2021 before incurring a 25pc duty:

 

Non-Alloy and Other Alloy Wire Rod

133,112mt – 01.01.2021 – 31.03.2021

134,591mt – 01.04.2021 – 30.06.2021

 

Non-Alloy and Other Alloy Hot Rolled Sheets and Strips

114,460mt – 01.01.2021 – 31.03.2021

115,732mt – 01.04.2021 – 30.06.2021

 

Non-Alloy and Other Alloy Merchant Bars and Light Sections

86,672mt – 01.01.2021 – 31.03.2021

87,635mt – 01.04.2021 – 30.06.2021

 

Non-Alloy and Other Cold Rolled Sheets

76,843mt – 01.01.2021 – 31.03.2021

77,696mt – 01.04.2021 – 30.06.2021

 

Hollow Sections

40,002mt – 01.01.2021 – 31.03.2021

40,446mt – 01.04.2021 – 30.06.2021

 

Tin Mill Products

35,562mt – 01.01.2021 – 31.03.2021

35,957mt – 01.04.2021 – 30.06.2021

 

Metallic Coated Sheets

31,076mt – 01.01.2021 – 31.03.2021

31,421mt – 01.04.2021 – 30.06.2021

 

Organic Coated Sheets

30,652mt – 01.01.2021 – 31.03.2021

30,992mt – 01.04.2021 – 30.06.2021

 

Angles, Shapes and Sections of Iron or Non-Alloy Steel

23,891mt – 01.01.2021 – 31.03.2021

24,156mt – 01.04.2021 – 30.06.2021

 

According to UK manufacturers’ association, Make UK, the UK steel industry could have faced an £80mn bill from EU Steel Safeguard tariffs in the first half of next year without these specific allocations of steel export tariff-free quotas.

 

Gareth Stace director general of UK Steel, a division of Make UK, commented that the EC’s latest TRQs “helps all steel companies in the UK to give their European customers a greater level of certainty on deals done today, for delivery in 2021”.

 

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