The European Union has unveiled a controversial plan to impose a 50% tariff on steel imports exceeding a reduced quota, a move that has sparked alarm within the UK steel industry. The proposed measures, set to take effect early next year, aim to halve the volume of steel imports into the EU, with tariffs applying to any imports beyond 18.3 million tonnes annually—a 47% reduction from 2024 levels. This decision comes amid mounting pressure from EU member states and their domestic steel industries, which have struggled to compete with cheaper imports from countries like China and Turkey.