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UK Steel welcomes the United Kingdom Steel Strategy

UK Steel has welcomed the Steel Strategy published by the government, describing it as an important step toward securing a competitive and resilient future for the UK steel industry.

UK Steel welcomes the United Kingdom Steel Strategy

According to the statement, the announced bold trade measures demonstrate that the United Kingdom is ready to act against the impact of global overcapacity and heavily subsidized steel on international markets.

UK Steel noted that UK steel producers have long been competing in an uneven playing field, with domestic market share falling to around 30%. The organization emphasized that the new measures provide a necessary and proportionate response, enabling the industry to compete fairly while regaining lost market share, all while continuing to support critical sectors from defense to energy and infrastructure.

At the same time, some downstream customers may be concerned about potential cost increases. UK Steel stressed that the continued presence of artificially cheap and subsidized imports is unsustainable and warned that failure to act could undermine the UK economy, national security, and domestic capacity that supports net-zero transition goals.

UK Steel also stated that a resilient steel sector benefits the entire supply chain and delivers long-term stability and value creation. Industry representatives indicated that they expect to continue working with the government to address challenges such as energy costs, carbon border policies, and the supply environment needed to recover market share.

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