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The UK government will impose a 50% tariff on steel imports exceeding new quotas, which will be cut by 60% from July, as part of a strategy to boost domestic steel production to meet 50% of national demand. Business Secretary Peter Kyle emphasized the importance of domestic steel for national security and the economy.

While the steel industry views this as a significant policy shift, concerns have been raised about the impact on manufacturers who rely on imported steel. The government also plans to invest £2.5 billion by 2030 to modernize production through electric arc furnaces, aiming for a cleaner steel-making process.