PARLIAMENTARY WRITTEN QUESTION
(26 June 2026)

To ask the Secretary of State for Business and Trade, what estimate her Department has made of the potential annual revenue to be generated by tariffs under the new steel trade measure; and whether any of this revenue will be used to mitigate cost increases for downstream steel-consuming businesses.

Asked by:
Graham Stuart (Conservative)

The purpose of the trade measure is not to raise tariff revenue, and therefore we have not made any estimates. The Government is acting in response to the serious threat posed by global steel overcapacity. This continues to distort markets, and threaten the viability of UK steelmaking, which underpins our critical national infrastructure and defence. Tariff-free quotas have been designed with the aim of allowing for a stable supply of imports, taking into account UK production.

Answered by:
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