UK Government announces new steel trade measures, effective July 1st. Reducing overall quota volumes by 51%. Any imports above would have a 50% tariff.
Newsquawk Staff ·
UK Government announces new steel trade measures, effective July 1st. Reducing overall quota volumes by 51%. Any imports above would have a 50% tariff.
Sources
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- Canada and Ontario unveil joint CAD 9bln support package to help steel and auto sectors deal with US tariffs, and also boost critical minerals supply chain
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure
- Newsquawk European Market Wrap - 21st October 2026
- Canadian PM Carney is expected to announce tariff support measures for the steel and automotive sectors
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