Iron and Steel Industry.

Part of Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 25th May 1937.

Alert me about debates like this

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

I presume that the committee to which the hon. Member refers is that which was appointed by the Board of Trade in 1916 to consider the position of the iron and steel trades after the War. Since the report of that committee was issued there has been a greater degree of co-operation between the units of the iron and steel industry for the purchase and distribution of iron-ore, both from Empire and from foreign countries, and the British Iron and Steel Federation have been able to increase the measure of cooperation. As regards the last part of the question, the possibility of importing iron-ore into the United Kingdom from Australia has been considered from time to time, but I am informed that the cost of freight in relation to the value of the ore renders it impossible to deliver ore to the United Kingdom at an economic price in competition with ore from other sources involving much lower transport costs.