Steel Industry Debate

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Steel Industry

Peter Bone Excerpts
Thursday 26th May 2016

(8 years, 6 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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There is all sorts of speculation on this issue in the press, but what I can tell the hon. Gentleman, who has been very committed to this process—we have discussed it in person a number of times—is that Tata remains committed and very focused on the sales process. As I mentioned earlier, there are seven potential bidders. The next step is to narrow the field—that is important—so that we can all focus, along with Tata, on the most credible bids. The Government stand ready to work with those bidders.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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There is concern on both sides of the House about what would happen if the pension scheme was changed for Tata Steel. However, would not the sale be more attractive if we went to the root of the problem—the dumping of Chinese steel? Why can we not follow the example of the President of the United States, who has just put tariffs of 588% on Chinese steel?