The UK, having exited the European Union on January 31 this year, is planning to conduct its own trade policies once the 11-month transition period is over.
In particular, the British government has announced its intention to abolish antidumping duties on some goods, including some raw materials used for steel production. Currently, ferrosilicon imports from China and Russia are subject to 31.2 percent and 22.7 percent duties respectively. It is planned to lift this trade restriction which has been valid since 2008 by early next year, SteelOrbis has learned.