Iron and Steel

(asked on 20th February 2026) - View Source

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.


Answered by
Chris McDonald Portrait
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 2nd March 2026

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.

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