The Trade Remedies Authority (TRA) has initiated an extension review of the UK safeguard measure on 15 categories of steel products, Kallanish notes.
The measure is due to expire on 30 June 2024. The review will recommend to the Secretary of State for Business and Trade if the safeguard measure should be extended by up to two further years to 2026.
Interested parties have until 19 September to register their interest on the public case file.
The safeguard measure was transitioned from the EU after the UK left the bloc. Unusually, the UK has pre-empted the EU by launching its extension review first. EU steelmaking representatives have in recent months voiced their concerns over the possibility that the bloc will choose not to extend safeguards beyond mid-2024, while the EU’s Carbon Border Adjustment Mechanism only comes into force in January 2026.
Adam Smith Poland