Oral Answers to Questions Debate
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Main Page: Cat Eccles (Labour - Stourbridge)Department Debates - View all Cat Eccles's debates with the Department for Business and Trade
(2 weeks, 6 days ago)
Commons Chamber
Mr Alex Barros-Curtis (Cardiff West) (Lab)
Cat Eccles (Stourbridge) (Lab)
The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)
Since publishing our steel strategy on 19 March, we have published provisional product scope and quota volumes for the new steel trade measures; further reduced electricity prices for steel companies from 1 April through our network charging compensation scheme uplift; confirmed that some steel companies will be part of the British industrial competitiveness scheme; announced new transparency requirements on the origin of steel in public procurement; set up a cross-Government working group on scrap; and introduced—today—the Steel Industry (Nationalisation) Bill.
Chris McDonald
I do indeed agree. The £100 million investment in 7 Steel UK is welcome news, but I met the owners of the business, and they told me that they were able to release that investment only because of the confidence they had in the Government’s approach following the publication of our steel strategy. That is a direct correlation between Government action and £100 million-worth of investment in Cardiff.
I know that my hon. Friend has been a strong advocate of the steel industry. There is an opportunity later today for Members of the House to decide whether they are on the side of the steel industry or not. I encourage the Opposition to put their ideology aside just for a moment and get behind the steel industry this afternoon— I know that is difficult when a Bill has the word “nationalisation” in its title.
Cat Eccles
May I put on record my thanks to Ministers and the Department for their ongoing excellent engagement with me and my local businesses on the steel strategy? Many of the downstream businesses in my Stourbridge constituency currently import products—including zero-carbon steel—that are not produced in the UK. What steps is the Minister taking to ensure that businesses like those in my constituency are not unfairly disadvantaged by the quotas and tariffs being introduced under the steel strategy in a few weeks’ time?
Chris McDonald
I thank my hon. Friend for raising issues with businesses in Stourbridge when we met earlier this week; I am happy to continue to work with her. The measures we have introduced, which are primarily to protect the UK steel industry, are targeted at steels that are made or can be made in the UK. There are sometimes difficulties where a product code covers multiple steel grades, but that is what the quota system is intended to deal with, and of course there will be a review in 12 months’ time.