Steel Safeguards

Alex Cunningham Excerpts

Wednesday 29th June 2022 Commons Chamber

[Anne-Marie Trevelyan]

I have had a number of meetings with various groups of downstream users of steel, where I have learned a great deal about all sorts of things. What came across strongly was that category 12A was where we had a shortage of capacity for our downstream users to use without getting caught in the tariff framework, because we do not produce enough of it here and so it must be imported. As I say, we have set out the change to that tariff rate quota to ensure—I hope—that our downstream users who want to make use of that particular quality of steel will be able to do so without tariff imposition.

[Alex Cunningham (Stockton North) (Lab)]

As the hon. Member for Redcar (Jacob Young) acknowledged, we all know how the Government abandoned the steel industry on Teesside and failed to provide support in the recent past. Thousands of people lost their jobs as a result. We are, however, being promised a renaissance, with investment in clean green steel. News releases and talk are cheap—where is the action?

[Anne-Marie Trevelyan]

As I mentioned, there is a £1 billion net zero innovation portfolio, managed by the Department for Business, Energy and Industrial Strategy, in which we are seeing the thinking and the projects coming through to help our industries move into clean steel and the clean generation of any number of parts of our economy, so that we can meet our net zero commitments. We have committed to be 78% net zero by 2035—this is one of the highest commitments in the world. That is a huge challenge and every one of our industries needs to be involved, making changes not only to themselves but through their supply chains, so that we can meet that net zero challenge. We are doing that not because we like a big industrial challenge, but because it is incredibly important that we do it, as part of our commitment to the global challenge to bring down our carbon dioxide emissions and because British businesses are designing and coming up with the innovative solutions with which we can help the rest of the world to do it. My Department is proud of, and is championing, all that British innovation is doing with the rest of the world to help it meet those challenges as well.