Commenting on the announcement by SSI regarding the steel plant at Redcar, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation, said:
“This is a very sad day for the industry and of course for the communities affected by this decision. Any loss of the UK’s steel-making capability is a huge blow and has knock-on effects across the manufacturing supply chain.
“In the short-term we need a clear indication from Government - as a matter of urgency - that it will honour its commitment to compensate steel and other energy intensive industries from the cripplingly high cost of energy.
“Failure to do so would mark a tipping point for this vital industry which is the foundation of the success of so many other manufacturing sectors.
“Government must now sit down with the steel sector and all interested parties to examine how a long-term viable and sustainable industry can be supported in the future. This is imperative if we are to ensure that such a vital industry can be placed on a long-term sustainable and profitable footing.”