Brexit will lead to loss of 5 percent of revenues for the UK metallurgy

The unfavorable Brexit conditions will lead to complications for the British steel industry, causing losses in excess of £ 70 million a year. Exports and imports of rolled metal will be disrupted due to "additional administration, costs and delays at the border."

In 2018, the UK exported £ 1.8 billion worth of steel to the EU. According to the British Association UK Steel, the UK's exit from the EU without a deal will add about 5 percent to the price of each ton of British rolled metal products, for more details visit https://metallurgprom.org/news/europe/63-britanskaja-metallurgija-budet-terjat-iz -za-brexit-okolo-5-procentov-dohodov-ezhegodno.html.

UK Steel's report says that the main problem for steel producers is that there will be no favorable Brexit deal, but only additional costs and difficulties in moving any goods from the UK to the EU, estimated by UK Steel at £ 70 million for industry annually.