Construction News – Late March 2026
Estimated reading time 1 minute
Steelwork contractors says that the government’s much heralded strategy to support the steel industry will backfire in the construction industry.
Most government interventions in the free market have unintended, usually adverse, consequences. So, it is with steel.
On a visit to Tata Steel Port Talbot this week to meet steelworkers and launch the government’s new steel strategy, business and trade secretary Peter Kyle announced new tariffs to protect domestic steel production.
From 1st July 2026, overall quota levels for steel imports will be significantly reduced by 60% compared to current arrangements, and steel coming into the UK above these levels will be subject to a 50% tariff.
Sourced from TheConstructionIndex
