UK Steel Budget Submission 2025

October 2025

UK Steel's Budget Priorities:

1. Introduce a wholesale price rebalancing scheme to establish competitive electricity prices for the steel sector
2. Implement the increase in Network Charging Compensation and backdate it to April 2025
3. Abolish the Carbon Price Support Mechanism
4. Make the £2.5bn steel funding available for continued investment in decarbonisation and the capabilities of the industry 
5. Negotiate UK-specific country quota within EU import regime and implement new UK import quota system
6. Cancel proposals to remove the lower rate of landfill tax