Mr. John Nolan:

There are tariffs and quotas on steel and when quotas are exceeded, the tariffs cost 25% so Northern Ireland will now not have that 25% on British steel whereas the same steel coming into the Republic of Ireland will have that supervisory quota. Quotas work on a "first come first served" basis. It is without the quota at the start of the month while at the end of the month, when the quota is exceeded, your product is immediately plus 25%-----