Iron and Steel: Energy

(asked on 6th September 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential impact of rising energy prices on steel manufacturers.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 23rd September 2022

Through close engagement with the steel industry, the Government is acutely aware of the continued pressure on steel companies because of high energy and raw material costs.

The Government remains determined to secure a competitive future for energy intensive industries (EIIs) such as steel, providing them with extensive support, including over £2 billion to help with the costs of energy and to protect jobs.

The recently-announced Energy Bill Relief Scheme ensures that all businesses and other non-domestic customers are protected from excessively high energy bills over the winter period. A review of the scheme, to be published in three months, will identify the most vulnerable non-domestic customers and how the government will continue assisting them with energy costs after the initial six months.

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