The UK will raise steel tariffs and cut import quotas to boost the domestic industry.

Golden Ten Data reported on March 19 that the UK government announced it will raise steel import tariffs and reduce import quotas in an effort to boost the struggling domestic steel industry. The UK Department for Business and Trade stated in a release that, starting July 1, steel import quota levels will be reduced by 60% compared to current arrangements, and tariffs on steel imports exceeding quotas will be increased from 25% to 50%. UK Secretary of State for Business and Trade, Peter Kyle, said in the statement that the UK is ending decades of destructive deindustrialization and is instead committed to consolidating and maintaining the UK's status as a steel-producing nation.