British Steel Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Earl Attlee
Main Page: Earl Attlee (Conservative - Excepted Hereditary)Department Debates - View all Earl Attlee's debates with the Department for Business, Energy and Industrial Strategy
(4 years, 9 months ago)
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Lord Henley
My Lords, we are committed to having a steel industry for the future, and the Government have left no stone unturned in their support for the entire industry. We are working with the sector, the unions and with the devolved Administrations to support the steel sector. I could list a whole range of projects that we are involved with. I mentioned the £300 million or so in support for energy under the industrial energy transformation fund; I could go on. We are committed to ensuring that we have a steel industry for the future.
Earl Attlee (Con)
My Lords, I too am grateful for the approach of the Government in this matter. However, does the Minister agree that one of the problems that we are experiencing is that high-volume steel is manufactured to well-understood, international engineering standards and therefore is a homogeneous product, and that makes the market exceptionally competitive?
Lord Henley
Again, my noble friend is right to point to the competitive nature of the market, and that is true for a great many industries. However, with the industry itself and government working together, we can ensure that we have a competitive part of that industry.