B

Baroness Gustafsson (Lab)

Speaking in the House of Lords on 13 February 2025

Debate

US Steel Import Tariffs

Contribution

I wholeheartedly agree with my noble friend that the steel industry is a vital asset within the UK. As I think about emerging markets and emerging technologies—for example, the electrification of cars, or building infrastructure to support AI investment around data centres—steel is always going to be an essential component of building up our own expertise, not just within the industry itself but within those other emerging industries. That is why building on our sector expertise and working with that market is going to be key to delivering on the Government’s ambitions on growth. I come back to the point that having a steel strategy—which will be coming out in spring—working with the industry through the steel council and having regular and open dialogue are all essential, and indicative of the value that we place on the industry.

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