Thursday 27th March 2025

(5 days, 22 hours ago)

Commons Chamber
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Nusrat Ghani Portrait Madam Deputy Speaker (Ms Nusrat Ghani)
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I call Select Committee member Sonia Kumar.

Sonia Kumar Portrait Sonia Kumar (Dudley) (Lab)
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The UK now produces less steel than our European neighbours Germany, Italy, Spain, France, Austria and Poland, and over the past 30 years, China’s share of global steel production has risen from 13% to 54%. To safeguard the future of the steel industry, we must think about diversification. Does my hon. Friend agree that supporting British small and medium-sized enterprises into the steel industry will make it more competitive and sustainable?

Sarah Jones Portrait Sarah Jones
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I thank my hon. Friend for that conversation and all her work with the steel industry in her constituency. The steel strategy that we are putting together, which will be published in the spring with £2.5 billion to invest, will consider how to stimulate demand, use research and development and get the most out of scrap in the UK, as well as looking at trade and overcapacity, carbon leakage and the availability of sites—there is a whole raft of work going on. She is right about ensuring that there is an industry for the big and small players. That is what we are working through, and I look forward to working with her on that.