UK to halve tariff-free steel imports to counter glut of cheap Chinese metal (opens in new tab)

Duty on imports outside new quota will double in move echoed by similar changes in EU limitsThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and boost its beleaguered local industry.New “safeguards” will be introduced on 1 July and will coincide with for the same purposes.