Tata Steel Europe CEO Warns on Removal of Steel Safeguards in UK
Steel Safeguards UKMarket Steel

Tata Steel Europe CEO Warns on Removal of Steel Safeguards in UK

The Mirror reported that Tata Steel Europe CEO Mr Henrik Adam lashed out at British Government plans to axe vital safeguards against cheap foreign

The Mirror reported that Tata Steel Europe CEO Mr Henrik Adam lashed out at British Government plans to axe vital safeguards against cheap foreign imports. Mr Adam told the UK Parliament’s Commons Business, Energy and Industrial Strategy Committee “It's a step in creating a dis balance between the EU and UK because the EU is extending all safeguards for all products. We have provided clear data and arguments to the TRA that unfortunately were not accepted. The TRA has disregarded the interconnectedness of steel because it is exposing a set of products and jeopardising the viability of our steelmakers as a whole.”

Following a review, UK’s Trade Remedies Authority has published its final recommendation to UK’s Secretary of State for International Trade on the future of the UK’s steel safeguard measure in mid June. After reviewing available evidence, the independent body has recommended the extension of the UK steel safeguard measure across 10 product categories for a further three years and the revocation of the measure across nine product categories.

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British Government is expected to follow the advice. UK’s International Trade Secretary Ms Liz Truss is expected to decide within days whether to accept the TRA's advice to axe safeguards. A Government spokeswoman said “The Trade Secretary's decision on the recommendation will be published before the measure is due to expire on June 30, 2021.”

Protections were introduced by the EU in 2018 when the UK was part of EU’s trade rules, in retaliation for Mr Donald Trump's White House slapping tariffs on steel imports. The EU measures carried on in Britain until January when the Brexit transition ended. Measures were extended until June end

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