Kevin Foster
Main Page: Kevin Foster (Conservative - Torbay)(8 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text
Anna Soubry
I am more than happy to meet the hon. Lady to explain to her the state aid rules and to bust some myths. She must be assured that the problem is one of over-consumption across the world. These are harsh economic realities, and although I wish I had a magic wand, no Government can set the price of steel. The price of slab has almost halved in 12 months. Hardly anybody is making a profit, and no Government can solve that. She can be assured that the Government are doing everything they can to support the steel industry in this country. Where we cannot support it—as we have unfortunately found in Redcar—we support those workers into new jobs.
Kevin Foster (Torbay) (Con)
The Minister referred several times to the global steel market, and we know that the dumping of certain Chinese steel products has played a part in the situation at Redcar and set a worrying precedent for all other manufacturing industries, including high-tech. Will she confirm that the Government will look to use anti-dumping measures in other situations, just as they have supported their use in this instance?
Anna Soubry
It was, I think, a first when a clear ministerial direction was given that we should vote in favour of anti-dumping measures in the European Commission, and we did that. Last week we abstained from another vote, and I am more than happy to explain to my hon. Friend in more detail why we did that—Mr Speaker, quite rightly, wants me to keep my remarks short. There was a good reason for that abstention, because by doing so we were actually voting in favour of supporting the British steel industry.