Steel Safeguards

Debate between Anne-Marie Trevelyan and Mark Tami

Wednesday 29th June 2022 Commons Chamber

[Anne-Marie Trevelyan]

I thank my hon. Friend for his honesty. I am not known for being shy of discussing anything, and I am always happy to do so. I was required to be on the phone this morning to discuss urgent WTO matters, and I very much hope to be able to attend the International Trade Committee next week to discuss the Australia trade deal.

I note that my hon. Friend and other members of the Committee have raised some issues between the Committee and some of my team. We continue to work to resolve those issues and to provide information, at every opportunity, in as timely a manner as possible within the confines of market sensitivity.

[Mark Tami (Alyn and Deeside) (Lab)]

I welcome this announcement but, as the Secretary of State says, it just buys her some time. What will the Government do to help the industry invest for the future, particularly at it moves to hydrogen, and to help it with the crippling energy prices it faces today and has faced for many years?

[Anne-Marie Trevelyan]

As the right hon. Gentleman says, the safeguards will be in place until June 2024, and we will obviously need to act in concert with our international partners and our domestic steel sector to find longer-term solutions. The energy security strategy that the Government announced a few weeks ago includes an extension and an increase of the compensation for energy-intensive industries, including steel, to help with the current incredibly high electricity prices.

The right hon. Gentleman is right that, as part of the 10-point plan set out by the Prime Minister back in 2020 and the work the Government have continued to do to be at the forefront of solving some of the net zero challenges, of which steel is at the heart of so many, the Government will continue to work with the industry to find long-term solutions both through technological change and through developing clean steel. Hydrogen and other potential energy solutions are currently part of that mix.