Steel Industry

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 10:30 am on 22 March 2007.

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Photo of Malcolm Wicks Malcolm Wicks Minister of State (Science and Innovation), Department of Trade and Industry 10:30, 22 March 2007

My hon. Friend brings much professional expertise to this subject, and is a steely champion of that important industry. We are pleased that Tata has chosen to invest in the UK steel industry through its acquisition of Corus, and believe that that will lead to a fruitful and productive partnership. The Tata deal will provide access to low-cost raw materials, and to high-growth markets for products in which Corus has a particular strength. That will enable the company to compete on a global scale and thereby help secure the future of plant located in the UK. I look forward to having an early meeting with the leadership of Tata Steel.