UK to halve tariff-free steel imports to counter glut of cheap Chinese metal

Duty on imports outside new quota will double in move echoing similar changes in EU limitsBusiness live – latest updatesThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and bolster its beleaguered local industry.New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes. Continue reading...