Commons Sense

House of Commons · Written Ministerial Statement

Steel Strategy Next Steps

07 January 2025 · Department for Business and Trade

Proposed by Sarah Jones Lab Croydon West

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Government will convene the Steel Council to develop a Steel Strategy by Spring 2025
  • The Materials Processing Institute will lead an independent review into primary steel production technologies
  • Up to 2.5bn in funding is committed for the rebuilding of the steel sector

Issue summary

The statement addresses the decline of the UK's steel industry and outlines a strategy to revitalise it through policy, funding, and collaborative efforts.

Action requested

The Government will convene the Steel Council to develop a Steel Strategy by Spring 2025. The Materials Processing Institute will lead an independent review into primary steel production technologies, with up to £2.5bn in funding committed for sector rebuilding.

Key facts

  • Steel production has declined by more than 50% over the last decade.
  • A new Steel Council chaired by the Secretary of State and co-chaired by Jon Bolton will guide the strategy development.
  • The Materials Processing Institute will lead a review on primary steel production technologies including Direct Reduced Iron.
  • Up to £2.5bn funding is committed for rebuilding the sector.
  • Full membership details are published on Gov.uk.
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