Steel Industry

Part of Oral Answers to Questions — Scotland – in the House of Commons at 12:00 am on 14 January 1987.

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Photo of Malcolm Rifkind Malcolm Rifkind Secretary of State for Scottish Office 12:00, 14 January 1987

I agree with my hon. Friend. It is very encouraging that British Steel recently announced half-yearly profits of about £68 million, compared with the vast losses that it was making a few years ago. Clearly, the prospects for the steel industry in Scotland and elsewhere in the United Kingdom can only be seen to be substantially improved now that the British Steel Corporation is profitable.