Steel Trade Measure
House of Commons · Written Statements · 25 Jun 2026 · 1 speech · Official Report
The Government are today announcing the final details of the new steel trade measure coming into effect on 1 July 2026, a cornerstone policy of the UK’s steel strategy, and a further example of delivery on our modern industrial strategy, which charts a strategic course that allows business to make long-term decisions and focus on creating wealth and prosperity. Steel overcapacity continues to distort markets, drive down prices and threaten the viability of our already fragile domestic steelmaking sector. UK steel production has more than halved in the last decade. Other countries are acting, including the US, Canada and the EU, with the EU’s measure also coming into force on 1 July 2026. This Government cannot, and will not, jeopardise domestic steelmaking given its importance to critical national infrastructure and defence. We must act now to secure its future. Since our 19 March announcement, we have listened to stakeholders across the steel supply chain, including producers and downstream users, and have adjusted the steel trade measure’s product scope and quota volumes. We have also engaged closely with the EU and agreed an approach that reflects the UK and EU’s highly interconnected supply chains. This will provide stability for UK-EU steel trade from 1 July, while we continue to work together to strengthen UK-EU steel trade longer term. We recognise that this will create changes to trade flows including with some of our closest trading partners. We want to reassure...