17 February 2025: UK Steel welcomes the announcement by Business Secretary Jonathan Reynolds that Government has launched the Plan for Steel Consultation. This marks a significant commitment to tackling the key challenges facing our industry, including high electricity costs, unfair trading practices, and the need to strengthen domestic scrap steel recycling, with Trump’s tariffs being the latest in a number of international trade and competitiveness hurdles.
Read More12 February 2025: Heathrow’s new investment programme, building on its £2.3bn expansion plans and the development of proposals for a third runway to be submitted to Government by summer, marks a transformational moment - not just for the aviation sector, but for the entire UK economy. UK Steel is proud to support this landmark project as the airport sign the UK Steel Charter.
Read More11 February 2025: UK Steel responds to confirmation of US tariffs on UK-made steel. The US Presidential proclamation claims steel imports from Australia, the EU, Japan, and the UK rose from 18.6% in 2020 to 20.7% in 2024, proving quotas ineffective. However, this ignores 2020’s historically low demand during the pandemic – and UK steel exports to the US were actually 14% lower in 2024 than in 2018 when tariffs were first introduced.
Read More10 February 2025: UK Steel reacts to President Trump announcing new 25% tariffs on steel and aluminum imports to the US, raising concerns over their impact on existing trade agreements, including the UK's tariff-rate quota system.
Read More7 January 2025: UK Steel is pleased to reveal that the Government has today unveiled that the Steel Council’s inaugural meeting will go ahead later this afternoon. Many of the struggles stem from years of inadequate policy support and a lack of favourable business conditions, with the compounding effect of international steel making overcapacity and high electricity prices. However, this has now changed.
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