Steel Safeguards

Part of the debate – in the House of Commons at 12:43 pm on 29th June 2022.

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Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan The Secretary of State for International Trade and President of the Board of Trade 12:43 pm, 29th June 2022

My hon. Friend is a champion for his constituents, and it is great to hear more about REIDsteel. As all downstream users look to meet their net zero commitments and demand cleaner steel, we will see industry changing. A healthy industry, as we see now, has both imports and exports. We export some of our British steel to the US for its defence industry—they do not make that particular specialist steel themselves. As in any good business, we are sharing our expertise with industries abroad. Equally, there are some steels that we do not make in the UK that we therefore import. As regards the category 12 steel safeguard, I have decided to extend the TRQ because downstream users have been clear to me that they need more of that steel. We do not produce it domestically in the quantities that would meet that need, so it is right to ensure that the balance of the market is right for our downstream users. I look forward to seeing REIDsteel continuing to thrive in the years ahead.