In an interview with the Business and Trade Committee of the British Parliament on February 10, Mr. Codling said that the existing protective measures are insufficient, noting that the industry needs decisive intervention by July 1 to avoid serious cuts.
Mr. Codling stressed that the current 25 percent protective duties on some imported steel products expire in June, making British manufacturers vulnerable to low-cost foreign competition, especially from China, and he urged ministers to extend or replace them with a new system.
He pointed to the protective measures recently adopted by the EU and the US as examples that the UK could follow to strengthen domestic competitiveness and combat cheap imports.
The industry is "teetering on the edge" as threats grow
Codling told MPs that the UK steel industry was "teetering on the edge" and that without immediate action, the domestic sector and its supply chains "will not have a steel industry in many months."
UK ministers have been forced to act quickly to create stronger safeguards, but progress has been slow, raising concerns among domestic
