Iron and Steel: Import Duties
The question
To ask the Secretary of State for Business and Trade, whether his Department has developed contingency plans in the event that steel tariffs lead to (a) shortages and (b) price volatility.
Answered by Chris McDonald
The Government has carefully considered the potential impacts of the steel trade measure, including in relation to supply and prices. We will monitor the implementation of the measure closely and maintain regular engagement with producers and downstream users to understand supply chain impacts. The measure will also be reviewed after 12 months.
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