Steel Safeguards

Miriam Cates Excerpts

Wednesday 29th June 2022 Commons Chamber

[Anne-Marie Trevelyan]

I am slightly disappointed that the hon. Lady does not support us, as she has the Liberty steelworks in her constituency. I will repeat, because clearly I was not heard, that the reason I was unable to make it to the International Trade Committee this morning—we have, I hope, set a date for next week—is that I was dealing with those international relationships and discussions that are necessary to ensuring that WTO members understand why we have taken this decision and will therefore choose not to bring retaliatory charges to any other industry. It is incredibly important that those relationships are maintained. I was at MC12—the WTO ministerial conference—in Geneva two weeks ago, where those relationships were building, as ever, to make sure it was understood that we are defending our British steel interests because of some of the imbalances across the steel sector. I very much hope that the hon. Lady will welcome the decision we have taken, because it will support her own constituency steelworks, and that she will support me in the continuing work that I will be doing at the WTO to ensure that every other member understands why we have taken this decision.

[Miriam Cates (Penistone and Stocksbridge) (Con)]

I thank my right hon. Friend to listening to representations from myself and other MPs representing steel industries. Extending the safeguards like this is really great news for the steel industry, and I know that my constituents who work for Speciality Steels in Stocksbridge will agree. The safeguards will ensure that the UK steel industry is protected from market-distorting practices such as dumping, but our industry faces other disadvantages, including unfair energy prices. Will she commit to working with colleagues across Government to address the disadvantages affecting our UK steel industry and making it uncompetitive?

[Anne-Marie Trevelyan]

My hon. Friend has been championing her steelworks, and we have worked closely to understand the support needed. There are already a number of examples of supports for the sector. Since 2013, more than £600 million of relief has been provided to the steel industry to help with high electricity costs. The £315 million industrial energy transformation fund is also available, and the £1 billion net zero innovation portfolio is also a really important part of the work that we are going to do. I absolutely hear my hon. Friend and I will continue to work with colleagues across Government, especially the Secretary of State for Business, Energy and Industrial Strategy, to support the steel industry, to transform it and to take on the challenges of clean steel, which is part of our net zero challenge.