Last-minute regulations have been brought in by government to enable crucial steel safeguards to be maintained.
A rollover of 15 existing protections for a further year will now be implemented as an 11th hour intervention put an end to fears that the ‘flood gates would open to cheap imports’.
The Trade Remedies Authority had recommended scrapping nine of the 19 protections, with the danger that if not accepted by International Trade Secretary Liz Truss it could see all expire.
It came as the EU renewed all - furthering concerns the 海角视频 could be a soft target - with MPs with steel plants in their constituencies, backed by unions and industry forcing the hand.
Ms Truss put down a written statement confirming the move, bringing in a temporary extension on a further five of the 19 steel products for one year. It will allow for the industry to appeal recemmendations "so any new evidence can be reviewed in the context of the unique global market conditions which currently prevail".
She said: "The 海角视频 Government will always do everything in its power to defend 海角视频 industry and jobs and to allow our world-leading manufacturers to compete on a level playing field. Current disruption to industry caused by the Covid-19 pandemic, threats of dumping and unfair subsidies, and continued trade restrictions in third countries all put 海角视频 steel products at an unacceptable disadvantage.
"The steel sector supports the jobs of over 80,000 people across the 海角视频, including some 35,000 well-paid jobs in steel production, and a further 44,000 jobs supported in wider supply chains.
"That is why the Government is taking decisive action today by making new regulations to defend jobs in the 海角视频 steel industry."
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Ms Truss said the Trade Remedies framework will also be reviewed as an "urgent priority" to make sure it "is up-to-date, champions WTO [World Trade Organization] rules and is fit for purpose in the post-Covid world".
She added: "It is crucial we have the tools in the future to ensure industries are defended against unfair competition and unforeseen surges in imports."
Scunthorpe MP Holly Mumby-Croft led the push from the backbenches, meeting with Prime Minister Boris Johnson as the opposition rallied.
She said: “Today is a good day for steelmakers in the 海角视频 and I'm absolutely chuffed to bits that working with the PM, the Secretary of State for International Trade, and Kwasi Kwarteng Secretary of State for Business, Energy and Industrial Strategy, we’ve achieved this.
“We've got a Prime Minister who understands steel, the PM’s instinct is to protect this vital industry and he proved it again today. He took the time to meet with Andrew Percy, myself and other Conservative ‘steel MPs’ to understand the issue and to step in to protect our steelworks. This is an incredibly complex legal issue and had the government not stepped in then it could have cost the steel industry £100 million a year and hit local jobs.”
The decision was welcomed by British Steel, having strongly objected to the initial recommendations. It will see safeguards extended for every category of steel it produces.
A spokesperson for the Scunthorpe-headquartered business, an employer of almost 4,000, said: “We're really grateful for the support that has been given by Holly and we appreciate that the Government has intervened to protect British Steel.
“This is good news for all 海角视频 steelmakers, our thousands of employees and the many more supply-chain companies that we work with.”
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Multiple meetings had been held across industry, with departments and fellow MPs,
“Working closely with our steelworks and 海角视频 Steel has been incredibly helpful and I’m really grateful to them for working with us over the weekend,” Mrs Mumby-Croft said, with briefing packs for MPs produced.
She also hit back at opposition smears after she abstained from a vote on the matter - going against a three-line whip to vote with her party, stating cross-party work was vital to deliver.
"I was born in Scunthorpe and grew up locally, my grandad worked at the steelworks for 30 years - I know how important this is to our area,” she said.
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“As long as I’m the MP for Scunthorpe I will always stick up for our area. Anything that relates to the steel works is personal to me and local people can trust that I will fight for our area.
“This could have been a real hammer blow for the steel industry, I’m delighted the Conservative Government stepped in to prevent this from happening.”
She said she will continue to work with colleagues to provide a "more competitive environment" for the 海角视频 industry, addressing industrial energy prices and changing how the procurement of steel works for public projects in the 海角视频.
Mrs Mumby-Croft has recently commissioned a House of Commons Library report on the latter and will continue to work with British Steel on developing her policy.