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Steel Industry

Volume 711: debated on Wednesday 23 March 2022

The UK Government recognise the importance of the steel industry in Wales and the UK. The £30 million loan secured for Celsa is a demonstration of our commitment to the steel sector. Our response during the pandemic helped to secure more than 1,000 steel jobs in Wales.

While he was campaigning for Brexit in 2016, the Prime Minister told steelworkers in Wales that it was:

“Mad that we can’t cut steel energy costs because of EU rules”.

Now that we have left the EU, is it not madder that the Government have still done little to cut sky-high energy bills, which are a massive burden on our steel producers in Wales?

I thank the hon. Lady, who has been an unbelievably effective campaigner for the steel industry in her area and in Wales more widely. The Business Secretary and I met the steel sector the other day at the Steel Council. The issue she has raised was an important part of that and the Business Secretary was able to offer some reassurance. I do not want to prejudge today’s statement from the Chancellor, but as we have the opportunity, I hope that the hon. Lady will join me in thanking the International Trade Secretary for her overnight success in lifting steel tariffs between the US and the UK. That will make a significant difference to everybody involved in the steel industry in the UK.