Steel Industry Debate

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Steel Industry

Steve Double 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 have been regular meetings with our colleagues in the Ministry of Defence and with the companies, including Sheffield Forgemasters, that specialise in some of the steel that is required for our defence purposes. The hon. Gentleman will be pleased to know that, for example, the new Queen Elizabeth aircraft carriers will use some 95,000 tonnes of British steel.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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While words of support from Labour Members are always welcome, has the Secretary of State made an assessment of the impact that the climate change levy introduced by Gordon Brown has had on the steel industry? What steps are the Government taking to support other energy-intensive industries such as the china clay industry that is so important to my constituency?

Sajid Javid Portrait Sajid Javid
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That is an important point: energy costs are important for all energy-intensives, including steel, ceramics and many other industries. We have already introduced compensation for the green policy costs to industry, and that already saves the steel industry, including Tata Steel, £80 million, and we are now moving further towards an exemption, which could save another £400 million by the end of this Parliament.