Port Talbot Transition Project

Torsten Bell Excerpts

Wednesday 11th September 2024 Commons Chamber

[Jonathan Reynolds]

I am grateful to the hon. Member for his question and very much agree with him. As the shadow Secretary of State, I avidly read the statistics that the Department published about UK content in domestic steel procurement. We must recognise that it is usually relatively high, but only in the sectors where we are producing particular grades of steel. Part of the strategy has to look at future demand, not just for what we already produce, but in terms of gaps and business opportunities. If we are improving the business environment, we need not just to help incumbent producers in the United Kingdom transition, but bring in new entrants, creating more competition in the market. I can see that there is significant demand in the market. It is the market that is driving the demand for green steel. I have no concerns about the future order book; it is the business environment taking advantage of that demand that this strategy needs to address.

[Torsten Bell (Swansea West) (Lab)]

I thank the Secretary of State for his statement and for all his hard work in recent months. It is clear that the delays in the negotiations have had a very real cost. When I was visiting Port Talbot on Friday, what the workers and the management wanted to know was whether those delays had now come to an end. Can he reassure the House that we will do everything we can to make sure that the construction does now get going on the future of this plant?

[Jonathan Reynolds]

I thank my hon. Friend for his question and for recently visiting the site to speak to management and the workforce. He is right about the understandable level of concern in the workforce. Obviously, that is often speculated on in the media, and there is a huge amount of interest in it. I made this statement today because of the need to proceed with part of the plan, and not to lose everything entirely. I also wanted to be able to answer questions such as his and to make it clear that the Government’s manifesto commitment to the steel transition fund forms part of a wider ambition, a coherent strategy, for the future of steel across every part of the UK.