Question to the Department for Business and Trade:

To ask His Majesty's Government what steps they are taking to assist the steel industry with increased trade and energy costs.

Global economic conditions continue to be challenging for the steel industry. We are working with the sector to support its transition to a competitive, decarbonised future.

In February we announced the British Industry Supercharger – a package of decisive measures that will bring energy costs for energy intensive industries, including steel, in line with those charged across the world’s major economies.

These measures build on extensive support provided by the Government since 2013 including the Energy Bill Relief Scheme which ran until March 2023 and the Energy Bills Discount Scheme which we will continue until 31 March 2024.

The Government has also legislated for the full suite of tools permitted under the World Trade Organisation to tackle injury caused by unfair trading practices and unexpected import surges. Our actions include extending Steel Safeguard measures until June 2024 and transitioning a number of steel specific anti-dumping measures on steel goods.