Lord Fox (LD)

In that case, I withdraw the point. To make the statement true, the industrial strategy should explain how it is going to build the steel industry, what steels are needed and what processes can deliver them. I have an outstanding question on the different sorts of steels that can be delivered by blast furnace and electric arc furnace; that question still has not been answered. It is my contention that many of the specialist steels we require, particularly for our defence industry, cannot be produced via current electric arc technology. I would like an answer to that question. It should explain how the demand for UK-made steels will be stimulated and grown, and it should devise an ownership structure that actually fits in with that strategy. At the moment, we are looking at ownership before we look at what we want the industry to do. I suggest that we should be looking at this the other way around. Finally, unless the Government deal with the high cost of energy—which they did inherit from the Conservative Government—it is hard to see how any of this works. So, can the Minister at least acknowledge the problems faced by the whole manufacturing sector by disproportionately high energy costs, and can the Minister suggest how the Government are going to address that absolutely key issue?