Steel Safeguards

Peter Bone Excerpts

Wednesday 29th June 2022 Commons Chamber

[Anne-Marie Trevelyan]

The Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for North East Derbyshire, will have heard that question. It is not within my purview to set such a policy, but the Government want to continue to ensure that, as we drive forward our net zero strategy to meet these challenges, every part of our industrial base moves to a net zero position, and that will involve clean steel. We will continue to work across Government to help find those solutions in the long term.

[Mr Peter Bone (Wellingborough) (Con)]

My constituents work at the nearby Corby steelworks, and I see the Under-Secretary of State for the Home Department, my hon. Friend the Member for Corby (Tom Pursglove), on the Front Bench supporting the Minister. However, I have concerns that we have gone down the protectionism route rather than cut energy costs. I am afraid that the Secretary of State has mentioned net zero more times than she has mentioned cutting energy costs. I am disappointed that we do not have a policy of saving the steel industry. It is no good talking about green steel in the future if we do not have an industry. I hope that the next statement will be about cutting the energy costs to the steel industry.

[Anne-Marie Trevelyan]

As I said, these safeguards, which will run for a further two years, are only temporary. They were brought in because, as we transitioned out of the EU, we brought across EU-wide protections, to ensure a fairer balance across a global industry in which there is over-capacity and in which some countries have followed unfair market practices. That has provided assurance, and it has given the industry time to rebalance and think about how it works, so that we manage the shift in imports and exports. As I said, I will continue to work with colleagues across Government to help to tackle the energy challenges we see today. The compensation scheme is obviously in place, and I know that colleagues are happy to discuss that in more detail.