UK is considering adjusting tariff rate quotas to ensure a steady supply of steel. UK’s Trade Remedies Authority has initiated a Tariff Rate Quota review of steel imports that are part of the UK’s safeguard trade remedy measure. The TRA will assess whether the tariff rate quotas for Russia and Belarus should be re-allocated to avoid a potential shortage of steel in the UK. The TRA’s proposed course of action will be to redistribute the country-specific TRQs for the Russian Federation and the Republic of Belarus to other exporting countries. Reallocating the Russian and Belarus quotas could help ensure a regular supply of steel needed for construction, engineering, the automotive industries and other uses.The two product categories which may be affected are category 1 (non-alloy and other alloy hot rolled sheets and strips, used in yellow goods, construction, tube-making and the production of downstream steel products) and category 13 (rebars, which are used in construction, the automotive industry, engineering and white goods manufacture).Exporters from Russia and Belarus may not be able to fulfill their quotas because the UK has imposed sanctions on some imports from these countries, including steel. As with any safeguard measure, the UK has given all importing countries a quota to import a certain amount of steel at a basic tariff rate into the UK. Once their quota is exhausted, they have to pay a higher rate.
UK is considering adjusting tariff rate quotas to ensure a steady supply of steel. UK’s Trade Remedies Authority has initiated a Tariff Rate Quota review of steel imports that are part of the UK’s safeguard trade remedy measure. The TRA will assess whether the tariff rate quotas for Russia and Belarus should be re-allocated to avoid a potential shortage of steel in the UK. The TRA’s proposed course of action will be to redistribute the country-specific TRQs for the Russian Federation and the Republic of Belarus to other exporting countries. Reallocating the Russian and Belarus quotas could help ensure a regular supply of steel needed for construction, engineering, the automotive industries and other uses.The two product categories which may be affected are category 1 (non-alloy and other alloy hot rolled sheets and strips, used in yellow goods, construction, tube-making and the production of downstream steel products) and category 13 (rebars, which are used in construction, the automotive industry, engineering and white goods manufacture).Exporters from Russia and Belarus may not be able to fulfill their quotas because the UK has imposed sanctions on some imports from these countries, including steel. As with any safeguard measure, the UK has given all importing countries a quota to import a certain amount of steel at a basic tariff rate into the UK. Once their quota is exhausted, they have to pay a higher rate.
