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Steel Industry

Part of the debate – in the House of Commons at 12:09 pm on 26th May 2016.

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Photo of Sajid Javid Sajid Javid The Secretary of State for Business, Innovation and Skills 12:09 pm, 26th May 2016

That is an important point: energy costs are important for all energy-intensives, including steel, ceramics and many other industries. We have already introduced compensation for the green policy costs to industry, and that already saves the steel industry, including Tata Steel, £80 million, and we are now moving further towards an exemption, which could save another £400 million by the end of this Parliament.