Sheffield steel firms facing potentially 'catastrophic' challenges amid US exports row

By David Walsh
Published 4th Jan 2022, 20:46 BST
Updated 5th Jan 2022, 11:01 BST
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Sheffield steel firms start the New Year facing a triple whammy of potentially ‘catastrophic’ challenges, an MP has warned.

UK producers must continue to pay a 25 per cent tariff on steel exports to the United States – putting them at a major disadvantage compared to rivals in the EU.

The bloc negotiated an end to the charge from January 1.

Meanwhile, energy and raw material price rises threaten to wipe out profits from a post pandemic recovery, according to Doug Patterson, Unite union regional officer.

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The 25 per cent tariff applies to rolled steel, ingots and bars - and ‘any component that can be made in the US’.The 25 per cent tariff applies to rolled steel, ingots and bars - and ‘any component that can be made in the US’.