Metal Movers: Impact of British Steel under UK governance

The UK government has this month taken emergency control of British Steel to prevent the closure of its blast furnaces. Elif Eyuboglu, steel market reporter at Argus Media, spoke to Colin Richardson, steel lead at Argus Media, about these developments and their potential impact on the steel industry, as well as updates on safeguard quotas.

• What are the immediate and long-term implications of the UK government's decision to take control of British Steel? How might this move affect the broader steel industry in the UK?
• What is the status of import quotas in the UK, and what are their implications for the steel market?
• The European Commission has made several amendments to the steel safeguard quotas this quarter, including new caps for cold-rolled coil and hot-dipped galvanized products. The new quotas entered into effect 1 April: how have they affected the market so far?