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Steel Industry: Contribution to the UK Economy — [Mark Pritchard in the Chair]

25 January 2023

Lead MP

Jessica Morden
Newport East
Lab

Responding Minister

Nusrat Ghani

Tags

TaxationClimateEnergy
Word Count: 14585
Other Contributors: 15

At a Glance

Jessica Morden raised concerns about steel industry: contribution to the uk economy — [mark pritchard in the chair] in Westminster Hall. A government minister responded.

Key Requests to Government:

The MP calls on the Government to provide more substantial energy cost support for steelmakers compared to what has been offered by competitor countries such as Germany and France. She also requests a commitment from the Minister to update the House on her engagement with Tata, British Steel, Liberty Steel and Celsa Steel, and acknowledges that current levels of support are insufficient.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Newport East
Opened the debate
The MP is concerned about the precarious outlook for the steel industry in the UK, particularly due to high energy costs and a lack of support compared to other European countries. She highlighted that British Steel paid nearly £1 million a day for electricity, which has risen tenfold since 2021. The announcement by Liberty Steel to idle its plants in Newport East and Tredegar raised significant uncertainty among workers. Furthermore, she emphasized the need for long-term support for decarbonisation efforts in the industry.

Government Response

Nusrat Ghani
Government Response
The Minister acknowledged the importance of the steel industry, noting its contribution of £3.8 billion in 2021 to the UK economy and support for over 98,000 jobs. She highlighted global pressures affecting the sector, including oversupply issues and decarbonisation challenges. The Government has provided more than £800 million since 2013 through various funds such as the CCUS infrastructure fund (£1 billion), net zero hydrogen fund (£240 million), industrial fuel switching fund (£55 million), Industrial Decarbonisation Research and Innovation Centre (£20 million), and industrial energy transformation fund (£289 million). The Minister committed to addressing procurement issues and carbon border adjustments, including working on a CBAM proposal. She also mentioned the creation of new competitive funds with more than £1.5 billion made available for support.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.