UK Steel urges government to extend steel safeguard measures
7 May 2021 15:56 reported by Iona Chen
According to reports, UK Steel, a trade association for the UK steel industry, urged that government would extend the validity period of steel safeguard measures from the expiry of June 2021.
The UK, as part of the European Union (EU), had implemented safeguard measures since 2018. The British government has transferred to use its own laws this January in order to prevent trade diversions due to the US' tariffs.
The British International Steel Trade Association (ISTA) objected the government to continue to implement steel safeguard measures, saying that some domestic manufacturers were unable to produce enough steel products for distributors and some processing mills. Some processing mills must rely on imported materials from others countries except for the EU.
The British government must decide whether to maintain this safeguard before June, and the EU steel safeguard measures were expected to be finalized in July.
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