US-UK Steel Tariff Deal Stalled Indefinitely
Negotiations to lift the 25% US tariff on UK steel exports have been paused indefinitely, though the UK retains a competitive advantage over rivals facing 50% duties.
Tariff Deal Put on Hold
INLIBER News reports that negotiations to remove the 25% US tariff on UK steel exports have been paused indefinitely. Currently, US duties add 25% to UK steel shipments, accounting for 6% of export volumes and 9% of export value.
Competitive Position
Despite the setback, UK steel still holds an edge over other major producers subject to 50% tariffs. Industry leaders say this relative advantage provides some stability amid global oversupply of cheap steel.
Production and Regulatory Hurdles
US officials have raised concerns about Tata Steel's current production process, noting its reliance on imported steel for electric arc furnaces, which are not scheduled to be operational until 2027.
Industry Struggles
The UK steel sector is under significant financial pressure. The government has temporarily taken control of Chinese-owned operations in Scunthorpe, and Liberty Steel plants in Rotherham and Stocksbridge have fallen into state administration.
Government Stance
A government spokesperson said: "We continue to work closely with US counterparts to deliver certainty for UK industry, protect skilled jobs and support growth as part of our Plan for Change."
The suspension of tariff talks highlights the urgent need for robust trade defenses and domestic support to secure the future of UK steel exports.
This topic was reported by BBC.
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