UK opens consultation for steel strategy amid U.S. tariff concerns

The UK government on Sunday opened consultation for the Plan for Steel, the steel strategy that is expected to come up this spring with measures to support its domestic steel industry in the face of global challenges, Mysteel Global has learned.

The government has committed to invest GBP 2.5 billion ($3.15 billion) to support the plan that aids the transition to low-carbon steelmaking and emphasizes hydrogen-based technologies, carbon capture, and energy efficiency. This follows the GBP 500 million funding allocated in September 2024 to Tata Steel UK's Port Talbot steelworks. Additionally, the plan seeks