EU steel tariff hike threatens 'biggest crisis' for UK industry

The EU has announced plans to hike tariffs on imported steel in a move the UK's steel industry has said could be "perhaps the biggest crisis" it has ever faced. The commission has set out plans to cut the amount of steel that can be imported into the bloc by half - beyond which the new 50% tariffs will apply. The EU is the UK's most important export destination for steel, worth nearly £3bn and representing 78% of…