Newport East MP Jessica Morden and Blaenau Gwent MP Nick Smith in Parliament MORE action is needed to support the steel industry according to two Gwent MPs. Blaenau Gwent MP Nick Smith and Newport East MP Jessica Morden both pressed the ministers at the Department for Business, Energy and Industrial Strategy today to protect strategically important steel sites, which includes the Liberty plants in Newport and Tredegar. An announcement recently came from Liberty that they would sell off sites in the north of England, Midlands and Essex in the wake of the collapse of main financial backer Greensill Capital. Mr Smith said: “(Liberty owner) Sanjeev Gupta promised that none of our steel plants would close on his watch, but after the Serious Fraud Office descended on his empire, the workforce became afraid for their future.
Shadow Trade Minister: Liz Truss risks the future of Britain s steel industry if she slashes tariffs cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Steel safeguard measures review – draft recommendation published
TRID has today (Wednesday 19 May) published its Statement of Intended Final Determination which sets out its findings on the UK’s steel safeguard measures.
From:
19 May 2021
UK and overseas industries have seven days to review and comment on the findings before a final decision is made.
TRID recommends former EU safeguard measures on 10 categories of steel imports be extended for three years.
Measures on nine categories of steel imports would be revoked as there is no UK production or there has been no increase in imports found, no significant increase in imports, no serious injury, or, in one category, extension would not meet the Economic Interest Test.
29 April 2021
The Trade Remedies Investigations Directorate (TRID) has today opened two new investigations into existing European Union anti-dumping duties to determine if they are fit for purpose in the UK.
TRID, which will shortly become an arms-length body of the Department of International Trade, will undertake transition reviews into existing duties on certain Cold Rolled Flat Steel products from China and Russia as well as high fatigue performance iron or steel concrete reinforcing bars and rods (sometimes referred to as HFP Rebars) from China.
The reviews will consider whether the duties are needed to offset dumping of Cold Rolled Flat Steel and HFP Rebar in the UK and whether UK industry would be damaged if the duties were no longer applied.
Investigating EU anti-dumping duties on two steel products miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.