The British government intends to drop nine of 19 quotas and related tariffs on imports of steel scrap which were laid down by the EU, set to expire on Jun 30.
According to media reports, these curbs were placed in retaliation to the Trump administration’s 25pc duty on imported steel from the EU. However, both the EU and the US are working to mend their relations and drop tariffs soon.
However, 10 import quotas which the UK government sees fit will remain in place, after the recommendation of local steelmakers such as Liberty Steel. Materials such as large welded steel tubes are part of this list since the UK produces enough material to feed its domestic industry.