Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if he will commit to increasing domestic steel production.
The steel strategy, to be published in early 2026, will set out a long-term vision for a competitive, decarbonised sector, with the aim of attracting new private investment to secure UK steelmaking and increasing overall levels of UK based production.
We’re providing up to £2.5 billion to rebuild the steel sector, delivered in part through the National Wealth Fund. This is in addition to the £500m we have invested in the transformation of Port Talbot. We have also taken direct action to protect steel production at British Steel and provided a £400 million increase to the investment at Sheffield Forgemasters.