Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 10:30 am on 22 March 2007.
Iain Wright
Labour, Hartlepool
10:30,
22 March 2007
In an era of globalisation, the ability to innovate is essential for the long-term sustainability of the UK steel industry. My hon. Friend the Minister will know that Hartlepool's steel pipe mills are a good example of that innovation, as he opened one last year. However, price is also important, and sterling is nudging $2 this morning. I know that the problem is extraordinarily difficult, but what can my hon. Friend do to ensure that the UK steel industry remains competitive in the global economy?
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