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Update on UK Steel Safeguard Extension

18 July 2024

Proposing MP
Jonathan Reynolds Lab Co-op
Stalybridge and Hyde
Type
Written Ministerial Statement
Department
Department for Business and Trade
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TAGS
Economy Ukraine

At a Glance

Issue Summary

The UK's steel safeguard measure is being extended for two years until June 30, 2026, following an investigation by the Trade Remedies Authority.

Action Requested

No specific action is requested; this statement informs the House of the previous government's decision to extend the safeguard measure on all 15 categories and the suspension for Ukraine, in line with UK public interest and commitments under the WTO Agreement.

Key Facts

  • The UK’s steel safeguard measure applies to 15 different product categories since 2018.
  • The safeguard measure was set to expire on June 30, 2024 but has been extended until June 30, 2026.
  • The Trade Remedies Authority conducted an investigation and recommended the extension of all 15 product categories for two more years.
  • Imports from Ukraine will not be subject to additional safeguard quotas or duty as a result of the suspension being extended until June 30, 2026.
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