British steel producers will have to pay a 25 per cent tariff to sell certain construction products into Northern Ireland after EU quotas for global imports were exhausted earlier than expected.
Steel producers and stockholders were informed of the new tariff on Wednesday in a notice from HM Revenue & Customs, prompting a fierce backlash from industry.
“It is beyond farcical that UK producers are now prevented by these tariffs from selling goods to customers in their own country,” said Gareth Stace, director-general of UK Steel, the industry trade association.
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