{"id":32001,"date":"2026-04-24T09:45:00","date_gmt":"2026-04-24T08:45:00","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=32001"},"modified":"2026-04-23T10:34:24","modified_gmt":"2026-04-23T09:34:24","slug":"uk-set-to-become-the-most-expensive-country-to-buy-steel-in-europe","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/uk-set-to-become-the-most-expensive-country-to-buy-steel-in-europe\/","title":{"rendered":"UK set to become the most expensive country to buy steel in Europe"},"content":{"rendered":"\n

The United Kingdom is set to become the most expensive place in Europe to buy steel later this year, according to new research by UK-based steelwork manufacturer\u00a0Tadweld<\/strong><\/a>.<\/p>\n\n\n\n

Based on current per-tonne benchmarks, projections suggest that the UK will overtake core EU markets in structural steel pricing by late 2026, overtaking Germany and France where prices typically range around \u20ac850 to \u20ac900 per tonne.

The research shows that UK hot-rolled structural steel sections are expected to rise from circa \u20ac780 per tonne to over \u20ac1,000 per tonne once a new 50% import tariff and carbon pricing are fully reflected, pushing it significantly above its nearest competitors on a like-for-like basis.\u00a0<\/p>\n\n\n\n

Aside from ongoing global cost-pressures relating to energy and logistics costs (which caused Tata Steel UK to recently announce a \u00a3125\/tonne increase), the new\u00a0steel trade policy<\/strong><\/a>\u00a0announced by the UK government in March 2026 is set to have the biggest influence.

On 1st July 2026, quota levels for steel imports will be significantly reduced by 60% compared to current arrangements, and steel coming into the UK above these levels will be subject to a 50% tariff. This is followed by the implementation of a\u00a0Carbon Border Adjustment Mechanism<\/strong><\/a>\u00a0(CBAM) taxation which will commence on the 1st January 2027.<\/p>\n\n\n

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Source basis:<\/em><\/strong>\u00a0MEPS Europe “Sections & Beams” prices (\u20ac\/kg converted), supported by Argus \/ market forecasts for 2026 movements<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

Chris Houston, Managing Director at Tadweld, says: “In general, the entire manufacturing sector is supportive of helping UK domestic steel to be competitive, but instead of addressing the uneven playing field UK steel producers face – by having the highest energy costs in Europe – this new quota and tariff-led approach shifts the pressure downstream to the consumers of steel including construction and steel fabrication businesses. As a result, the UK is moving towards the highest steel prices in Europe, making it increasingly difficult for UK fabricators to compete internationally.”<\/p>\n\n\n\n

He added: “This policy is framed as support for UK steel production, but in reality it benefits a small number of domestic producers while adding significant cost pressures across more than 1,200 steel fabrication businesses and the wider construction sector, which relies on steel every day. There is little value in a competitive UK steel production base if the final consumer is priced out of the market. Given that there are several steel grades and products that have no UK domestic manufacturing at all currently, I’m not sure this policy does anything except raise prices on those products”<\/p>\n\n\n\n

Several key uncertainties remain around the policy, which is expected to come into effect on 1 July 2026. A proposed transitional arrangement could exempt some goods under contracts agreed before 14 March 2026 for a limited period between July and September 2026. Industry\u00a0stakeholders<\/a><\/strong>\u00a0have also raised concerns about a potential ‘pre-fabrication’ loophole, where lightly processed steel could fall outside the scope of the tariff regime.<\/p>\n\n\n

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Chris Houston, Managing Director, Tadweld<\/figcaption><\/figure>\n<\/div>\n\n\n

Sources<\/strong><\/p>\n\n\n\n