British Steel

Debate between Lord Hunt of Wirral and Baroness Gustafsson

Thursday 24th April 2025 Lords Chamber

[Baroness Gustafsson (Lab)]

I think we have been clear about the best way forward: we would like this to be a commercially run business, with private investment and government acting in support. But we will do whatever it takes to give the UK the best chance to safeguard the future of steel-making. That is why we would talk about the most likely outcome, as the Secretary of State has mentioned, being that of nationalisation.

[Lord Hunt of Wirral (Con)]

If there are no further Back-Benchers, may I just ask a question of the Minister again, very briefly? We are impressed with her enthusiasm. Indeed, if I may say so, there is a spring in her step. She referred several times to the steel strategy being published in the spring. Well, I detect that summer—although we may not believe it—is just round the corner. So, when will that steel strategy be shared with this House?

[Baroness Gustafsson (Lab)]

I thank the noble Lord very much and I am proud that I have a spring in my step. I am just back from a bank holiday weekend which I spent in a garden, and indeed it felt very spring-like. But until I take those covers from my ferns, it is not yet summer.

US Steel Import Tariffs

Debate between Lord Hunt of Wirral and Baroness Gustafsson

Thursday 13th February 2025 Lords Chamber

[Lord Hunt of Wirral (Con)]

My Lords, can the Minister confirm what conversations Ministers have had with their counterparts in the US about steel tariffs? How many times have Ministers spoken with US trade representatives since last Sunday, for instance? In particular, can she confirm that the first 500,000 tonnes of steel to the US will be tariff-free as they were under President Trump’s previous Administration? And finally, can she bring us up to date on the Government’s efforts to obtain a free trade agreement with the United States?

[The Minister of State, Department for Business and Trade and Treasury (Baroness Gustafsson) (Lab)]

I thank the noble Lord for his question. I think we all agree that the US is an indispensable ally in many areas. As he may have seen, President Trump has said he has had a couple of good, constructive calls with Keir Starmer and the two enjoy a good relationship. The Prime Minister has said that he would like to work with the US to develop a trade deal, and we are keen to work with the Trump Administration to capitalise on opportunities and deepen and strengthen our relationship.

With regard to the specifics around what will happen within the steel sector, there is a lot of hypothesis and noise at the moment, but there are currently no established facts about what that will look like. The Government will make any key decisions in light of those key facts as and when they emerge, and we will not be drawn into a hypothetical conversation.

With regard to a free trade agreement, we have talked about the fact that the US is such a valuable ally, and we would love to be able to deepen those trading relationships. That said, 18% of our trade today already happens with the US. Any free trade agreement set in place would need to best represent UK interests.