Urgent Update on Steel Safeguarding Quotas

Posted on: October 5th, 2021 by Melinda

HMRC  has issued the following Stop Press Notices on Steel Safeguarding Quotas for the current quarter (1st October to 31 December 2021): Quota No. 058002 – steel category 1 – Non Alloy and Other Alloy Hot Rolled Sheets and Strips, other countries, has now exhausted from 04.10.21

Quota No. 058916 – steel category 21 – Hollow sections, Turkey, is Critical from 04.10.21- A security to the value of the 25% safeguard duty will need to be provided against the critical quota claims, for customs clearance to free circulation up to 31.12.2021.

If either of these quotas impact your business, please let me know as we are continually in touch with both BEIS and DIT to ensure they recognise the impact of safeguarding quota exhaustion on CBM members. 

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