Steel Sector Debate
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Lord Oates
Main Page: Lord Oates (Liberal Democrat - Life peer)Department Debates - View all Lord Oates's debates with the Department for Business, Energy and Industrial Strategy
Steel Sector
Lord Oates Excerpts(3 years, 5 months ago)
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Lord Callanan (Con)
I am pleased that the noble Lord welcomed the decision that was taken with regard to the recommendations of the Trade Remedies Authority. Of course, we keep all these matters under constant review but, as I said, we will continue to work with the sector to see what new opportunities there are and how we can help it in future.
Lord Oates (LD)
Can the Minister tell the House what plans the Government have to exploit the UK’s lead in the manufacture of the electrolysers used for green hydrogen production—manufacturing which is based in the great steel city of Sheffield—in order to make the UK the global hub for green steel production?
Lord Callanan (Con)
The noble Lord is quite right that hydrogen-based steel making is one of the many technological approaches we are looking at for the sector’s future. We announced the £250 million clean steel fund to support the UK steel sector to transition to low-carbon production, and we plan to establish the net-zero hydrogen fund with £240 million of capital co-investment to 2024.