UK steelmakers warn against potential export damage from US protectionism

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Britain’s steelmakers are warning against the potential damage to legitimate UK exports to the United States from being caught up in US protectionist measures to counter the dumping of cheap Chinese steel.

 

The warning comes on the back of President Trump’s initiation of a ‘Section 232’ investigation into the effects of steel imports on US national security.

 

According to UK Steel, total exports to the US in the last 12 months were 250,000 tonnes, worth some £350m which accounts for almost 8% of total exports from the UK. 70% of UK steel exports currently go to the EU and therefore the US is a significant market.

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