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01 Nov
12:29

US-EU deal slashes UK steelmakers' competitiveness: UK Steel

There is concern that UK steelmakers have been left behind in the process of the US and EU negotiating and reaching a deal over steel tariffs, says UK Steel. Steel made in the UK is seen becoming less competitive in the US versus EU material as a result. Over the weekend the US agreed to give European suppliers a tariff-free volume quota, beyond which the 25% duty will continue to be implemented (see Kallanish passim). The quota volume is to be determined accordin…
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