Oral Answers to Questions

Margaret Ferrier Excerpts

Thursday 15th April 2021 Commons Chamber

[Stephen Kinnock (Aberavon) (Lab)]

What steps she is taking with Cabinet colleagues to help ensure a level trading field for UK steel producers while the EU and US maintain import controls on steel goods.

[Margaret Ferrier (Rutherglen and Hamilton West) (Ind)]

What steps her Department is taking to help ensure a level trading field for UK steel producers while the EU and US maintain import controls on steel goods.

[The Parliamentary Under-Secretary of State for International Trade (Mr Ranil Jayawardena)]

The Government back the British steel industry, as we have heard already this morning, and the unjustified US tariffs on steel, aluminium and derivatives imports from Britain are completely unfair and wholly unnecessary. Our rebalancing measures in response to the US section 232 on additional tariffs show that we will defend the British national interest and the rules-based system.

[Mr Jayawardena]

As the hon. Member knows, the British steel industry has benefited from investment of more than £500 million in recent years to help with the costs of energy, and we have announced a £250 million fund to support the decarbonisation of the industry. So this Government are dedicated to supporting the future of the steel industry and we will continue that work.

[Margaret Ferrier [V]]

Removing these measures would lead to the UK being one of the only steel markets without any protective measures for its steel industries. Does the Minister not agree that, while global overcapacity stands at over 500 million tonnes, it would be unwise to become a rare exposed market for steel when larger markets are still protected?