UK Steel Manufacturing
Chris Philp Excerpts(3 months ago)
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Mr Richard Holden (Basildon and Billericay) (Con)
The Minister was asked a question by the right hon. Member for Birmingham Hodge Hill and Solihull North (Liam Byrne), which was repeated by my hon. Friend the Member for West Suffolk (Nick Timothy), about whether this Government will commit to virgin steel making in the UK. At the third time of asking, will she commit to what the Secretary of State committed to before the general election?
Sarah Jones
I welcome the right hon. Member for Croydon South (Chris Philp) to his place.
As I have made clear, we have been landed with an inheritance in which steel has declined by 40% and we are in very late-stage negotiations in Scunthorpe and Port Talbot. We are dealing with the consequences of that, which the previous Government failed to do. We will be putting a £2.5 billion investment into steel, and we are working at pace looking at DRI, which produces virgin steel, and at other options. We are looking at how we can introduce competition and new entrants into the market. We will work a lot faster and harder than the previous Government, and we will ensure that the steel industry thrives.