🚨 Steel Industry Alert! 🚨
The EU’s new plan to double steel tariffs is sending shockwaves through Wales! This decision threatens to upend the industry, with unions declaring it an “existential threat” to UK steel. Imagine a whopping 50% tariff and a sharp cut in the tariff-free quota—that’s the reality we’re facing.
The Welsh Government is seriously worried and vows to shield our steel industry. 🌟 With 80% of British steel exports heading to the EU, this market, worth nearly £3bn, is crucial for our economy. Unfortunately, some EU countries struggling against cheap imports urged this change, drawing comparisons to the tariffs once imposed by the U.S.
We’re still adapting after the last blast furnace at Tata’s Port Talbot site closed in 2024, leading to 2,000 job losses. Thanks to a £500m investment from the UK Government, the shift towards greener steel with a new electric arc furnace is underway, expected to open by 2027. ⚙️
Prime Minister Sir Keir Starmer is on it, discussing solutions with the EU while on a trade mission to India. He expressed the UK’s strong support for sites like Scunthorpe and Port Talbot. 🤝
The Welsh Government is beaming with pride over our steel legacy, emphasizing its crucial role in our nation’s future. They’re standing firm to support workers through this green transition and mitigate the impact of the EU’s bold move.
Stay tuned, folks! The government is working hard to safeguard jobs, boost skills, and drive economic growth. Let’s hope for a positive resolution to secure the future of steel in Wales! 💪🔧
#WelshSteel #EU #Tariffs #WalesEconomy #SupportLocalIndustry