Speciality Steel UK: Insolvency

John Cooper Excerpts

Tuesday 2nd September 2025 Commons Chamber

[Sarah Jones]

Liberty Pipes is separate and is not part of this situation at all. Of course, there will be concern in the wider group about the impact—I understand that—but at the moment, there is no crossover. Liberty Pipes will continue to do what it is doing and, I am sure, will continue to support the CCUS industry, which is great news for the workers there, and great news for us.

[John Cooper (Dumfries and Galloway) (Con)]

It is good news that Liberty Steel Dalzell in Scotland is not involved in this immediate crisis, but it is not shroud-waving to suggest that the difficulties in the wider industry may mean that one day it will become involved. When the overdue steel strategy arrives, will it be a 360° look at steel production as a whole, in every corner of this country? Will the Minister help Scottish colleagues get to the bottom of the Scottish Government’s murky deal with this company, which means that they are on the hook for potentially as much as £565 million, a quite incredible sum, which is deeply troubling? The Scottish Government are using the devolution settlement to hide behind. What is going on there? Will she shine a torch of truth on that aspect of the steel industry?

[Sarah Jones]

As the hon. Gentleman knows, Dalzell is a separate legal entity, so it is not affected, but he is right to worry about the overall situation and its possible impact on the company. I will look into the point he raised about the Scottish Government and Liberty. We are looking at what the steel industry should look like across the whole of the UK; the devolved Governments are involved in the steel strategy, as well as the unions, the industry and others, so we are taking a holistic view of the whole UK to see what we can do with steel.