Wales MP Mr Nick Smith Seeks Use of UK Steel in Projects
UK SteelNick Smith

Wales MP Mr Nick Smith Seeks Use of UK Steel in Projects

South wales Argus reported that UK’s Wales County Blaenau Gwent MP Mr Nick Smith said “Planning ahead to our post-Covid economic recovery, the UK

South wales Argus reported that UK’s Wales County Blaenau Gwent MP Mr Nick Smith said “Planning ahead to our post-Covid economic recovery, the UK government should be taking every opportunity to make use of UK steel, supporting our skilled steel workers and those in the supply chain. With the Prime Minister’s plans to build, build, build GBP 640 billion of infrastructure projects, there has never been a better time to back UK steel than now. Despite this, there are still no real indications that the UK Government is serious about supporting the domestic steel industry.”

He said “I have previously spoken about how less than half of the steel purchased by the government is from the UK. I have spoken directly with the Minister for Defence Procurement about using UK steel rather than say French and Swedish imports.”

He added “I have spoken many times about the urgent need to provide financial support to the industry and ensure long-term support by placing UK steel at the centre of future green industries for example in the production of wind turbines and the steel that is used in electric cars and charge points.”

He also said “The latest issue involves calling on the government to close a loophole which is allowing cheap Turkish imports to undercut UK steel through the use of bonded warehouses to avoid paying duties. This is an issue where nothing illegal is taking place, but it is a practice that creates an unlevel playing field for British firms and ultimately puts businesses and jobs at risk. I have written to the government several times on this matter and the wider issue of maintaining safeguard measures to protect UK steel companies. The responses I have received so far have failed to address the concerns and simply explain how the current regulations around bonded warehouses work. I have now asked, if HMRC is not planning to address this issue, then what steps will be taken to ensure that domestic steel is able to compete. Protecting UK steel should be a priority for this government.”

AD
No stories found.
SteelGuru Business News
www.steelguru.com