【SMM Steel】BCC warns new steel import quotas threaten UK SMEs

Published: Jun 22, 2026 17:17

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【SMM Steel】The British Chamber of Commerce has warned that new steel import quotas effective July 1 will severely impact SMEs in steel-consuming sectors. The UK's annual steel demand is ~10.3m tonnes, while domestic production covers only ~2.6m tonnes. William Bain, BCC Head of Trade Policy, said companies face millions in losses once quotas are exhausted, with some considering relocation to the EU. The BCC urges the government to scale back quota cuts, phase in the 50% tariff, and extend transitional arrangements.

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