UK extends the implementation period of safeguard measures for steel products

On June 30, 2021, the Department of International Trade of the United Kingdom issued an announcement, deciding to extend the implementation period of the global safeguard measures for 15 major steel products. Among them, the measures applicable to 10 major steel products are extended for 3 years, and the measures applicable to 5 major steel products are extended by 1 In 2012, the measure was implemented by imposing a 25% tariff on quotas plus imports that exceed quotas.

On October 1, 2020, at the request of the Secretary of International Trade of the United Kingdom, the United Kingdom initiated a transitional investigation into the safeguard measures for imported steel products to review after the end of the transitional period for Britain’s “Brexit” at 23:00 GMT on December 31, 2020 , Whether the UK’s safeguard measures for steel products should be adjusted, postponed or cancelled. On May 21, 2021, the WTO Safeguard Measures Committee issued the safeguard measures notification submitted to it by the British delegation, and the Trade Remedy and Investigation Agency (TRID) of the Department of International Trade of the United Kingdom made a final ruling on safeguard measures for imported steel products.