Iron and Steel: Manufacturing Industries

Department for Business, Innovation and Skills written question – answered on 26th May 2016.

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Photo of Kevin Brennan Kevin Brennan Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the potential effect of a UK withdrawal from the EU on the British steel industry.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

The UK is stronger, safer, and better off in a reformed EU, and this very much applies to our steel industry. The EU is our most important market for steel, buying over half our steel exports, and it is a powerful voice pushing for fair international trading conditions. Our membership provides access to a vast open market with a good system that balances the interests of producers and users. Outside the EU, we could find ourselves on the receiving end of EU tariffs, which would result in additional costs for the UK steel industry. In addition, we would be less able to defend ourselves against unfair competition from third countries. The Commission now has a record 37 measures against steel products, 16 of which are on Chinese imports.

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