British Steel

Lord Kirkhope of Harrogate Excerpts

Wednesday 22nd May 2019 Lords Chamber

[Lord Henley]

My Lords, one ought to make it clear that British Steel is not the only manufacturer of steel in the country; there are other steel producers. However, as the noble Lord quite rightly puts it, it is a major producer of track for railway lines and that is why Network Rail has been using it. Whether the builders of HS2 will have that opportunity will depend on whether this company survives, which we very much hope it does.

[Lord Kirkhope of Harrogate (Con)]

My Lords, perhaps I may ask my noble friend about the comprehensive nature of our steel industry. As he rightly alluded to earlier, some of these factories are turning out a finished product rather than just the basic steel. Is he satisfied that, in these circumstances, this country will continue to have comprehensive steel production across all the different categories, which we will need if it is necessary for us to be independent?

[Lord Henley]

My noble friend is right to draw attention to the fact that this is just one company among a number producing steel and steel products. I would hope that we could produce steel in a sufficiently wide number of areas to deal with the point that my noble friend makes. However, I think he would also have to accept that it is a very varied business, as he made clear in his question. Steel producers manufacture a whole raft of products, but whether we have the right blend is a wider question.