Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Britain’s HM Revenue & Customs office (HMRC) republished the country’s steel safeguard tariff-rate quota (TRQ) allocations for 2021 (originally published on Sep 30) to eliminate ambiguity following the agreement of new trade deals over the past week.


According to the UK HMRC, the TRQs will still be applicable on the trade of some steel products between Turkey and the UK from Jan 1 up to when the current safeguard review concludes on June 30, 2021.


Preferential trade agreements (PTAs), like those recently signed between the UK and EU/Turkey, do not supplant pre-existing non-preferential trade agreements, which include safeguards, anti-dumping duties, and countervailing duties, given that they are not optional. 


The UK can import the following steel products up to the stated quantities outlined below:


ProductJan 1, 2021-Mar 31, 2021Apr 1, 2021-Jun 30, 2021
Non-Alloy and other alloy hot rolled sheets and strips23,602mt23,864mt
Non-alloy and other alloy merchant bars and light11,278mt11,403mt
Gas pipes13,527mt13,678mt
Hollow sections32,387mt32,746mt
Large welded tubes1,653mt1,671mt
Other welded pipes7,767mt7,853mt
Non-alloy wire4,336mt4,384mt


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