Sarah Bool

I will be sure to write to the Minister with more details. First, none of this steel can realistically be made in the UK. The Government have provided a list of potential suppliers, but the majority, including British Steel, only make commercial not aerospace-grade steel, and the only company that might, Speciality Steel UK, is currently in liquidation. Secondly, as Alex explained to me, the drafting of the legislation is such that there is no way customs will be able to differentiate between a generic steel and a specialist steel as they use the same harmonised system codes upon import. That needs to be revisited. Thirdly, the quota has been set far too low. Product 12A is subject to a 31% reduction in the quota allowance and now a tiny quota will be introduced for products 14 and 27, where there was no quota before. All in all, to be able to meet his order book requirements, Alex has no option but to incur the tariffs. The additional burden that he will have to pick up on 1 July amounts to £3.2 million. He will be bankrupt within six months if this measure goes ahead. As we have heard, he is not alone, because hundreds of businesses are in the same position. As Alex said: “This is a classic example of legislation that has been written with noble intentions—to save the UK steel industry—but due to a lack of consultation with industry, lack of industry knowledge by the authors and a total misunderstanding of the knock-on effects, this single piece of legislation will kill stockholding and manufacturing in the UK.” When the Secretary of State is looking into the case raised by my hon. Friend the Member for South Shropshire (Stuart Anderson), will he also meet with Dynamic Metals? Without prompt action now, the Government will run into much more significant issues down the line come 1 July.