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Britain suspends levy on some Ukrainian steel imports

·1-min read

LONDON (Reuters) - Britain said on Wednesday it would temporarily suspend so-called trade remedy measures which apply a levy of about 50 pounds ($58) per tonne on certain steel imports from Ukraine.

Britain's Trade Remedies Authority (TRA) said that for the next nine months, the levy would no longer apply to Ukrainian hot-rolled flat and coil steel, which is used in mechanical and electrical engineering, construction and car manufacture.

The TRA said that following Russia's invasion of Ukraine, there had been a change in market conditions that warranted the removal of the levy.

($1 = 0.8595 pounds)

(Reporting by Sachin Ravikumar; editing by David Milliken)