questionText: To ask the Secretary of State for Business and Trade, what estimate her Department has made of the potential annual revenue to be generated by tariffs under the new steel trade measure; and whether any of this revenue will be used to mitigate cost increases for downstream steel-consuming businesses.
answerText: The purpose of the trade measure is not to raise tariff revenue, and therefore we have not made any estimates. The Government is acting in response to the serious threat posed by global steel overcapacity. This continues to distort markets, and threaten t...
heading: Iron and Steel: Import Duties