Iron and Steel: Recycling

(asked on 3rd June 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of creating a more sustainable steel industry with a focus on recycling steel.


Answered by
Andrew Stephenson Portrait
Andrew Stephenson
This question was answered on 11th June 2019

We are working with the sector, the unions and devolved administrations to support the UK steel industry to develop a long-term sustainable solution for the UK steel industry. The Department commissioned independent research to identify high value opportunities for UK steel, worth up to £3.8 billion a year by 2030.

In the 2018 Budget, my rt. hon. Friend Mr Chancellor of the Exchequer announced an Industrial Energy Transformation Fund with investment of £315 million to help businesses with high energy use to cut their bills and transition UK industry to a low carbon future. Through the Industrial Strategy Challenge Fund, we are also providing up to £66 million, subject to industry co-funding, to transform foundation industries which includes steel, to develop radical new technologies and establish innovation centres of excellence in these sectors.

Reticulating Splines