Iron and Steel: Import Duties
Commons · Question 11859 · Tabled 22 Jun 2026 · Department for Business and Trade · Official record
Answered 29 Jun 2026
Question
Asked by Jess Brown-Fuller
To ask the Secretary of State for Business and Trade, if his Department has considered the potential merits of ringfencing income generated by tariffs outlined in the UK Steel Strategy to be reinvested in supporting the UK Steel industry.
Answer
Answered by Chris McDonald, 29 Jun 2026
The purpose of the trade measure is not to raise tariff revenue. The Government is acting in response to the serious threat posed by global steel overcapacity. This continues to distort markets, and threaten the viability of UK steelmaking, which underpin...