The United Kingdom unveiled a Steel Strategy aiming for 50% domestic production. Import quotas will be reduced by 60% from July 2026, with a 50% tariff on above-quota steel. The strategy commits GBP2.5 billion for investment including electric arc furnace construction. UK Steel praised the trade measures but warned industrial electricity prices are 14% higher than Germany & the Carbon Border Adjustment Mechanism risks favouring imports over domestic production.