Commenting on the report from the BIS Select Committee enquiry into the steel industry published today, Gareth Stace, Director of UK Steel, said:
“This is a welcome and supportive report from the Committee which highlights the highly damaging cocktail of factors which have hit the steel industry during the course of this year. The key is for Government and all stakeholders to work together on delivering action to ensure we have a sustainable future for the steel industry in the UK. It is essential we do not lose the current momentum.
“Immediate priorities are the tackling of Chinese dumping of cheap steel at EU level and a firm commitment from Government to ensure that all major procurement projects, from rail to tidal barrages and airports, use British steel to give this vital UK industry confidence for the long term. Business rates must also be reformed to avoid some of the penalties steel companies and other manufacturers face if they invest in plant and machinery.”