Britain plans to counterattack the EU's new steel tariffs, with the industry warning that it "could severely damage centuries-old foundations."

Zhitong Finance APP learned that the British government is studying countermeasures in response to the European Union's proposed steel protection upgrade if Prime Minister Stammer fails to reach an agreement with the EU to mitigate the impact of steel tariffs. According to sources, the domestic metal industry in the UK has warned that the EU's plan could trigger the "most severe crisis in the history of the UK steel industry".