UK is reviewing tariffs and quotas for all types of steel for developing countries

The UK's Trade Remedies Authority (TRA) announced that it had expanded its tariff quota review (TQR) to all steel from more than 120 developing countries. The review, which covers the period from January 1, 2022, to December 31, 2022, addresses whether exceptions to imports from developing countries need to be revised for all types of steel. During the review, the Authority may consider whether the value or allocation of the tariff quotas is appropriate to the current local market conditions. In January of this year, the s Trade Remedies Authority began reviewing tariff quotas on rebar imports from developing countries.