Iron and Steel: Production

(asked on 24th April 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps she is taking to help increase domestic steel production.


Answered by
Alan Mak Portrait
Alan Mak
Shadow Economic Secretary (Treasury)
This question was answered on 2nd May 2024

The Government recognises the vital role that steel plays within the UK and has taken steps to increase competitiveness and a level playing field. We have provided over £730 million in energy cost relief since 2013; the British Industry Supercharger is now in place to reduce energy costs. The sector has been able to bid for Government funds worth hundreds of millions of pounds to support energy efficiency and decarbonisation, and we have announced a joint £1.25bn investment project with Tata Steel.

We have a robust trade remedies framework to protect domestic industries, including steel, from unfair trading practices and unforeseen surges in imports. Last April, we published an updated public procurement note to help the UK steel sector be well positioned when competing for public contracts. The Government is consulting on a UK CBAM to tackle carbon leakage risk.

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