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flag UK to boost domestic steel to 50% of demand by 2030 with import cuts and £2.5B in support.

flag The UK government announced a new Steel Strategy to boost domestic production to 50% of national demand by 2030, up from 30%, effective July 1, 2026. flag It will cut steel import quotas by 60% and impose a 50% tariff on imports exceeding the limit. flag The National Wealth Fund will provide up to £2.5 billion to support investments, focusing on cleaner electric arc furnace technology using recycled scrap. flag The move, aimed at strengthening national security, infrastructure, and economic resilience, follows government interventions to prevent closures at major plants like Tata Steel’s Port Talbot. flag Industry leaders and unions welcomed the plan, calling it a turning point in reversing de-industrialization, though questions remain about plant ownership and long-term implementation.

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