Source · Select Committees · Business and Trade Committee
Recommendation 41
41
The steel industry has faced a number of crises in recent years but action to...
Conclusion
The steel industry has faced a number of crises in recent years but action to support the sector has been taken on a mostly ad hoc, reactive basis. The sector cannot continue to lurch from crisis to crisis and action is needed now if the UK is to retain a resilient and competitive domestic industry. Decarbonisation presents a unique opportunity to realign the sector but this will require a comprehensive, joined- up policy framework to remove barriers to transformation and enable critical investment decisions. (Paragraph 208) 68 Liberty Steel and the Future of the UK Steel Industry
Government Response
Acknowledged
HM Government
Acknowledged
43. We recognise this is a worrying time for businesses facing pressures due to the significant increases in global gas prices, and the subsequent increases in electricity prices. Extensive engagement with industry continues across Government at both a ministerial and official level.