UK Steel Industry Debate

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UK Steel Industry

Amanda Solloway Excerpts
Monday 11th April 2016

(8 years, 8 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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First, I thank the hon. Gentleman for his approach to this matter, in particular through his chairmanship of the Business, Innovation and Skills Committee. He is right to say that Hartlepool, Corby and other parts of the downstream steel business are where the high-value product is. Tata has made it clear in its approach to the sale that it will not cherry-pick. It knows that the downstream process is important to any potential buyer, so it will ensure that any buyer can purchase the whole group, which is an important commitment that we have managed to secure.

The long-established sector councils cover many different sectors. I mentioned earlier the automotive and aerospace sectors, both of which use British steel. We are working with them on the general supply chain to see how British products, including steel, can be used. We will continue that work.

Amanda Solloway Portrait Amanda Solloway (Derby North) (Con)
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Does the Secretary of State agree that the best support that we can give the steel industry is a long-term vision that supports a good-quality, private sale with an attractive Government support package and to encourage customers to buy in this country?

Sajid Javid Portrait Sajid Javid
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I know from my hon. Friend’s work on the Business, Innovation and Skills Committee that she takes an interest in this. She is absolutely right that none of us wants to be back in this situation in one, two or three years from now. We want to find a long-term buyer that will invest in the business. That requires Government support and we are ready to work with that buyer.