Great Britain plans to expand guarantees for steel imports

The UK Trade Funds Investigation Authority (TRID) announced its preliminary decision to extend the current protective measures against steel imports from July 1 for another three years, covering certain categories of steel products.

TRID proposed that 25% tariffs should continue to be charged on products in excess of the import quota, while the quota increased by 3% year on year, allowing the increased imports of steel to be sold to the UK market.