The UK steel industry welcomes the continuation of anti-dumping and anti-subsidization measures against imports of hot-rolled flat products into the UK until 2027 and supports the lifting of the measure on imports from Ukraine, the UK Steel Association told S&P Global Commodity Insights. August 31.
The UK Government has accepted the final recommendation of the Office of Trade Law Enforcement to maintain anti-dumping and countervailing measures on hot-rolled flat and coil products from China until April 7, 2027, and to maintain anti-dumping measures on imports from Brazil, Iran and China. Russia until October 7, 2027. The UK ban on the export of all imports from Russia due to the war in Ukraine was also extended to hot-rolled flat and coil products.
“China, Russia, Brazil and Iran have a steel sector that is many times the size of the UK steel industry, with huge amounts of spare capacity and significant government intervention in many of these markets,” said a UK Steel spokesman. “It is no coincidence that the EU, US, Canada, Thailand, Mexico and Indonesia are taking action against some or all of these countries that further increase the risk to the UK as a result of trade diversion.”
The UK government also welcomed the TRA's recommendation to lift anti-dumping measures against imports from Ukraine. The TRA concluded that the dumping of products from Ukraine is unlikely to happen again due to the reduction in Ukraine's production capacity and restrictions on export opportunities caused by the war with Russia. TRA also took into account Ukraine's demand for the restoration of steel production and domestic demand for steel to rebuild the country's infrastructure.
