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Steel (Stockpiling)

Volume 904: debated on Wednesday 28 January 1976

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asked the Secretary of State for Industry whether, in view of opposition from the EEC Competition Department, he has now abandoned his proposal to finance a stockpile of semi-finished steel products to the value of £77 million by the British Steel Corporation.

The EEC Commission is considering the proposal to stockpile up to £70 million of semi-finished steel in the current financial year. Contrary to some Press reports the Commission has not expressed opposition to it.