Commenting ahead of the steel summit being organised today, Gareth Stace, Director UK Steel, said:
“The fact that ministers have taken the unusual step of calling for this summit is a sign of the seriousness of the situation faced by steel-makers in Britain. We need
action that will have a material positive impact on the sector as we cannot afford for this to be a talking shop.
“We’ve set out some of the things Government can press ahead with now to send out a clear signal of support in the very short term. At the top of that list is a clear and unambiguous commitment to fully implement the energy intensive industries compensation package, which will go some way to rebalancing the crippling costs of electricity for British steel making firms.”