7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

UK hot-rolled steel importers demand urgent increase in quotas

The British steel trade association is planning to call on the UK government to take urgent measures to deal with imports of hot-rolled steel in the UK that are restricted by quotas.

UK hot-rolled steel importers demand urgent increase in quotas

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.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

KARDEMİR will establish a 27.3 MW solar power plant in Van

Thursday, December 7, 2023

This week in European steel market!

Thursday, December 7, 2023

Innovative trends propel nut coke market amidst metallurgical advancements

Thursday, December 7, 2023

Oman surpasses expectations with surging steel exports and pioneering sustainability initiatives

Thursday, December 7, 2023

Rebar and wire rod prices continue to increase under the leadership of Icdas

Thursday, December 7, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now