Iron and Steel: Excise Duties

(asked on 19th March 2026) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of steel tariffs on the number of jobs in UK manufacturing sectors.


Answered by
Chris McDonald Portrait
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 26th March 2026

Steel is essential for a modern economy such as the UK, underpinning key industries from construction to advanced manufacturing and defence. The trade measure introduced on 19 March aims to address critical global steel overcapacity challenges that threaten the viability of UK steelmaking, which supports approximately 40,000 direct jobs and 61,000 upstream supply chain jobs. From 1 July 2026, reduced import quotas with 50% tariffs on imports once quotas are exceeded will protect domestic production capacity, helping secure these high-quality UK steelmaking jobs that pay on average 32% above local wages.

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