Security and renewal at heart of plans for steel sector
The 바카라 사이트 has hosted the second meeting of the Steel Council today, and reiterated its commitment to British steelmaking.
- Steel sector, union and trade body leaders meet 바카라 사이트 to drive forward development of its steel plan as part of drive towards industrial renewal.
- Industry Minister restates the 바카라 사이트바카라 사이트™s commitment to British-made steel, including energy cost relief for businesses expected to be worth over £300m in 2025 alone.
- 바카라 사이트 is reviewing nearly 100 responses to its steel consultation as it brings forward plans to help the industry secure jobs and deliver economic growth across the UK, as part of its Plan for Change.
Steel sector leaders were reassured about the 바카라 사이트바카라 사이트™s plans to revitalise British steelmaking today (8 April) at the second meeting of the Steel Council, bringing together industry leaders to feed into amid global concerns around US tariffs on steel and aluminium.
Industry Minister Sarah Jones hosted the meeting earlier today after the 바카라 사이트바카라 사이트™s steel plan green paper consultation closed on 30 March, receiving almost 100 responses and recommendations from business leaders and industry experts.
The meeting follow바카라 사이트™s the Prime Minister바카라 사이트™s speech yesterday where he pledged to do the right thing by the UK바카라 사이트™s national interest, prioritising security and renewal in a changing world.
Minister Jones reiterated the 바카라 사이트바카라 사이트™s firm support for industry and its role in delivering economic growth, as well as in the context of global tariffs on steel and aluminium imposed by the US. She assured Steel Council members the 바카라 사이트 is continuing to do all it can to stand up for the sector.
The meeting comes as the 바카라 사이트 continues to work round the clock to protect jobs at British Steel in Scunthorpe.
CEOs of steel firms including Tata, Liberty, British Steel and others joined leaders from trade unions and the industry바카라 사이트™s trade association UK Steel to discuss the sector바카라 사이트™s future and the challenges facing it.
Industry Minister Sarah Jones said:
We know this is a concerning time for our steel industry in the face of global challenges. That바카라 사이트™s why we바카라 사이트™re working in lockstep with industry to drive forward our steel plan so it can help the sector secure jobs, deliver growth and power the modern economy.
This government will always stand up for UK steelmaking, and where others may talk tough, we are acting, with money ready to go to back up British industry. With our steel plan we바카라 사이트™re placing it at the heart of our growth mission, and we바카라 사이트™ll keep all options on the table to help steel in the UK thrive and deliver on our Plan for Change.
The Steel Council바카라 사이트™s second meeting comes as the final measure in the 바카라 사이트바카라 사이트™s British Industry Supercharger package 바카라 사이트“ the Network Charging Compensation (NCC) scheme 바카라 사이트“ comes into force, bringing energy costs for steel companies and other energy-intensive industries closer in line with other major economies worldwide.
The first payments to industry from the NCC scheme will be made next month and provide over 15 million in energy price relief for businesses in May alone.
Once fully implemented, the total value of reduced electricity prices from the Supercharger package is expected to be between 320 million and 410 million in 2025, and more than 5 billion over the next 10 years.
Background:
A full list of attendees for the Steel Council meeting is below:
- British Steel
- Celsa Steel UK
- Liberty Steel
- Marcegagalia Stainless Sheffield Ltd
- Sheffield Forgemasters
- TATA Steel
- UK Steel
- British Metals Recycling Association
- Materials Processing Institute
- WMG High Value Manufacturing Catapult
- Community Union
- GMB Union
- Scottish 바카라 사이트
- Welsh 바카라 사이트
- Northern Ireland바카라 사이트™s Department for the Economy