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Steel Industry

Volume 229: debated on Wednesday 21 July 1993

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To ask the Secretary of State for Wales what measures he is taking to enhance the prospects of the steel industry in Wales; and if he will make a statement.

The Government are committed to creating an economic framework in which the steel industry in Wales can prosper. To this end, we support the EC restructuring initiative which aims to reduce overcapacity elsewhere in Europe, much of it supported by state subsidies. It is for the Welsh steel industry to continue to reduce costs and improve efficiency.