Steel Trade Measure Debate
Full Debate: Read Full DebateLisa Smart
Main Page: Lisa Smart (Liberal Democrat - Hazel Grove)Department Debates - View all Lisa Smart's debates with the Department for Business and Trade
(1 month, 1 week ago)
Commons Chamber
Lisa Smart (Hazel Grove) (LD)
I am grateful to the Minister for advance sight of his statement. Steel matters. It matters for our national security, our defence and our critical infrastructure, and it sustains jobs right across the United Kingdom. British Steel supports thousands of jobs and over a billion pounds of economic activity through its own operations and supply chain. It also underpins hundreds of thousands more jobs and several billion pounds of activity across the industries that depend on it. It has been battered by Trump’s trade war and by years of unfair practices from China.
Steel is an industry worth defending, and Liberal Democrats support that goal, but we have been vocal about our concerns regarding the impact of the Government’s proposed tariffs on downstream manufacturers. Downstream steel-using industries employ 300,000 people, including some of my Hazel Grove constituents. A blanket approach risks weakening a far larger manufacturing jobs base while doing little to protect British steel.
I am pleased that the Government have listened to our concerns and to those of industry. The quota increase and product code removals are positive steps, so I have just three questions. First, categories 14 and 27 cover specialist steels required by aerospace, defence, Formula 1 and precision engineering, which cannot be sourced domestically in the required grades and volumes. Do those categories fall within the 11 product codes that have been removed from the arrangements? Secondly, the transitional arrangements only protect contracts signed before 14 March. What protection exists for manufacturers who have signed contracts in good faith between March and today? Thirdly, the WTO process will begin in the autumn. Will the Minister confirm that any permanent tariff increases resulting from that process will not permanently lock in higher tariffs on specialist steels that cannot be sourced domestically?
I think the hon. Lady was confusing product codes and categories. If I start with 17, we have increased the quota by a significant amount. I hope that that will reflect the lack of production at the moment, which several Members have already raised with me. We have done that specifically to answer those questions. We have done likewise in category 14, stainless bars and light sections.
The hon. Lady asked about the transition arrangements. I referred to that in my statement. If she wants further details, she can come and talk to me about it on Monday. Also, I am not sure whether Minister are meant to admit this, but I did not fully understand her last question. If she wants to either grab me later or drop me a note, I will respond to her that way.