Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the reply by Baroness Lloyd of Effra on 23 March (HL Deb col 1351), what economic analysis was carried out on the impact of steel tariffs on (1) the construction sector and (2) domestic manufacturing industry, before the UK Steel Strategy was published.
The Government has carefully designed the new steel trade measure to secure the future of domestic capability while maintaining secure and resilient supply. This measure seeks to address the existential threat to UK steelmaking from overcapacity, while taking into account downstream impacts, including in the construction sector. Insights from across the steel supply chain via our Call for Evidence informed both the scope and design of the measure.
We continue to engage with industry and other stakeholders as we move into the delivery phase of the Steel Strategy, including implementation of the new trade measure ahead of 1 July.