Britain is drawing up plans to modify a steel tariff regime, including expanding exemptions to more categories of steel, after industry groups warned the measures could impose heavy costs on their businesses, Sky News reported on Wednesday.The report said the Department for Business and Trade would be holding talks with industry groups this week on proposals that would exclude a greater number of steel products from the restrictions unveiled in March.The Department for Business and Trade did not immediately respond to a request for comment.Read More: One of UK's oldest listed cos Tate & Lyle accepts $3.6 billion bid from Ingredion
United Kingdom to consider easing steel tariff plan after industry warnings, say reports
Britain is planning changes to its steel tariff rules. The government will discuss proposals to exempt more steel products. This comes after industry groups warned of significant costs. The Department for Business and Trade is set to hold talks with these groups this week. The aim is to ease restrictions introduced in March.
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