"My Lords, steel is a vital component of the UK economy. That is why the Government have published their first ever steel strategy, underpinned by up to £2.5 billion of funding, to create stable, competitive conditions and to secure the long-term future of British steel-making. The strategy will attract investment …..." Lord Stockwood - View Speech
"I am grateful to the noble Lord for the advanced sight of his follow-up question; I also commend the forensic, technical nature of the Question. The trade measure to which he refers covers 20 categories of steel, including all steel that is made in the UK. That includes bright bar, …..." Lord Stockwood - View Speech
"On energy prices, the transition to green energy is absolutely critical for the sector. We remain as committed as always to sovereign energy supplies that can withstand the global shocks we are seeing through Iran and the war in Ukraine. We have that commitment and the only way we can …..." Lord Stockwood - View Speech
"On the consultation with the industry, the industry clearly states that arc furnaces are the future. They have a lower cost of production and lower overheads in terms of manpower. I cannot give an exact number on steel production. We are trying to make sure that we have the right …..." Lord Stockwood - View Speech
"Energy supply and the sovereignty of our energy supply remain critical. All departments are currently looking at measures where we need to intervene in the near term to protect those industries with high energy demands, and to come up with the right practical solutions for the long term, which is …..." Lord Stockwood - View Speech
"I thank my noble friend for her question. The issue of grid connections partly sits in my department; the House might be interested to know that we have 800 gigawatts of demand in new projects to 60 gigawatts of supply. Grid connections and making sure that the grid is fit …..." Lord Stockwood - View Speech
"The noble Lord raises a critical question around how we balance the national resilience of our steel industry with security concerns; that balance is paramount. We remain in conversation with the MoD about making sure that this does not have a prohibitive impact on its procurement and access to products. …..." Lord Stockwood - View Speech
"The Government remain in positive and constructive conversations with Jingye. I know that the noble Lord would not expect me to comment on the specifics of that deal. All I can say is that we are hoping for a positive outcome. The real importance for us is ensuring that we …..." Lord Stockwood - View Speech