23 June 2025: The uplift to Network Charging Compensation from 60% to 90% in line with what is provided in Germany will reduce industrial electricity prices by £6.5 per megawatt hour (MWh) for the steel industry – an incredible £14.5 million per year. Despite this impactful cut to electricity costs, there remains a £10-16 per MWh difference between European electricity costs, which slaps £36 million per year on steel bills.

19 June 2025: Millions of tonnes of steel will be needed for the Infrastructure Strategy investments in new nuclear capacity, regional transport, schools and prisons, announced today by the Government. However, ongoing market confidence for steel companies will be cemented with truly competitive electricity prices, strategic domestic public procurement and reinforced trade defences.

3 June 2025: UK steelmakers have been told that they will temporarily steer clear of President Trump’s 50% steel import tariff having expected to encounter the new hiked-up import tax tomorrow. The 50% tariff being applied to other nations is set to replace the broad brush 25% tariff the President slapped on all steel imports earlier this year, which came into effect on 12 March.

2 June 2025: The Government has today published the outcome of its wide-ranging Strategic Defence Review (SDR), detailing the steps needed to boost domestic manufacturing capability to support our military priorities.

31 May 2025: UK steelmakers are expecting to encounter a new 50% import tax after President Trump hiked his tax on all steel and aluminium entering the US. This is set to replace the 25% import tax the President slapped on imports earlier this year, which came into effect on 12 March.

19 May 2025: As part of the UK-EU reset, the EU and UK governments have today announced the decision to work towards formally linking their Emissions Trading Schemes (ETS), and improved EU steel quotas - a move that will enable better access to the UK’s biggest export market.

13 May 2025: The Trade Remedies Authority (TRA) has today published its preliminary determination following its review of the UK’s steel safeguard mechanisms. UK Steel first raised concerns about the existing safeguard mechanism after President Trump ramped up US steel import tariffs, potentially swamping the UK if steel bounces back from the US border.

8 May 2025: President Trump and Prime Minister Starmer announced an economic deal removing the 25% tariffs on UK steel exports to the US that were imposed in March. We commend the UK Government for persevering in its efforts to negotiate this deal and lifting a burden off the UK steel industry by allowing UK exports to the US to resume

23 April 2025: UK Steel welcomes the changes to the Trade Remedies Authority, which will lead to a more proactive approach in trade flow monitoring and speed up the pace at which investigations are completed.

14 April 2025: UK Steel warmly welcomes the appointment of new management at British Steel, which means a new chapter can open in the company’s operations. UK Steel applauds the decisive action the Government has taken in the past few days to safeguard this vital piece of our national infrastructure.

14 April 2025: UK Steel comments on the race to keep the blast furnaces at Scunthorpe alight, welcoming parliamentary act and emphasising the urgency of securing raw materials.

12th April 2025: UK Steel comments on the Steel Industry (Special Measures) Bill, which will allow the British Steel site at Scunthorpe to maintain operations while Government negotiations with the company continue.