Speciality Steel UK: Insolvency

Sarah Champion Excerpts

Tuesday 2nd September 2025 Commons Chamber

[Sarah Jones]

I thank the hon. Lady for her remarks. She is right to ask about how we ensure that this nationally strategic asset is protected, and we are doing that. I have just set out the reduction in energy prices that the steel industry as a whole will benefit from—extending the super-charger from 60% to 90% to give network charge relief, which will bring significantly lower costs for energy prices for our steel industry. We are prioritising the procurement of British steel where the Government are spending money, because we believe that that is the right thing to do. We have already introduced protections for steel trading, and we are ensuring that we do everything we can, talking to our US counterparts all the time, about reaching a conclusion on the negotiations on the steel tariffs. I am optimistic about those conversations.

Of course, I speak to officials and other Ministers, and to the steel industry, about these issues all the time. We are lucky to have the Steel Council that we put together—trade unions, industry and others who are helping us to develop what we think will be an ambitious steel strategy that will ensure that the steel industry will not decline. The strategy will ensure that we will not be in the position we are currently in, where only 30% of the steel we use in this country is made in this country, and that we will be in a position where we can protect those good, experienced jobs and those good people who we want to support and make sure the industry grows.

[Sarah Champion (Rotherham) (Lab)]

You will be aware, Mr Speaker, that as long as I have been an MP, I have been coming to this Chamber arguing for support for Speciality Steel in my constituency. I politely say to the shadow Minister that the difference in response from this Government is night and day from what I had under the Conservatives. I personally thank the Minister, and the Secretary of State, for having such an open-door policy to me and my hon. Friend the Member for Penistone and Stocksbridge (Dr Tidball). I know the Minister is doing everything she can to save this speciality business.

One of the first actions of the official receiver was to release approximately 30 apprentices who were due to start their training in the next few weeks. Can the Minister reassure the House that the Government will not only commit to the business but acknowledge that it can survive only with its highly skilled, committed, professional staff and that she is as committed to them as she is to the business?

[Sarah Jones]

I thank my hon. Friend for those remarks; they are gratefully received, and we will continue to do all we can to support the steel industry. She is absolutely right that a number of apprentices were due to start this week, but the official receiver took the decision that, given that the 12-month continuation of the apprenticeships could not be guaranteed, it was right to try to find them other placements. I am taking a close personal interest in what happens to those 50 people. I know the local authority and the Department for Education are trying to ensure that we can find other places for them. I want to make sure that we can do so, because one of the things this Government are passionate about is ensuring that our young people have the apprenticeships to give them support for the jobs that we know we need into the future.