According to the association, India's Tata Steel is purchasing large quantities of Indian hot-rolled steel for rolling at the British steel mill Port Talbot. Therefore, the import quota for hot-rolled steel for the fourth quarter can be fully utilised in the first days of October.
Tata Steel admits that it occasionally imports steel from its Indian mills into the UK because it is more profitable than filling the capacity of its hot rolling mill in Port Talbot. The company characterises this as a common business practice.
In this connection, the metal trade association urgently asks the government to either increase the import quota or introduce a special category for products imported for further processing. Otherwise, importers will have to buy hot-rolled steel from continental Europe, where it is much more expensive than Asian products.
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