‘New Deal for Steel’

Posted on 15 Aug 2019 and read 545 times
‘New Deal for Steel’With a new Prime Minister in office and sweeping changes to the Cabinet, UK Steel has produced a ‘policy priorities’ document that asks Government “to seize the opportunity to revitalise and accelerate the Industrial Strategy by putting in place the conditions for a strong manufacturing sector — whatever the outcome of Brexit”.

‘New Deal For Steel’ restates the industry’s commitment to innovation and investment in the UK, and it seeks to build a partnership to deliver a business environment that will allow the sector to grow and prosper.

It calls for six key actions from the Government.

These actions are: securing tariff-free access to EU markets for UK steel, critically avoiding the imposition of EU steel safeguards on UK exports; ensuring competitive electricity prices for UK steel producers, in line with those borne by our EU competitors; incentivising investment via business rates re-structuring, including the removal of plant and machinery from valuations; maximising the economic value to the UK of its public infrastructure investment by taking a strategic approach to the public procurement of steel; boosting UK steel R&D by using the £225 million in returned industry levies from the EU Research Fund for Coal and Steel; and working with industry to develop a more competitive climate-change and carbon-pricing policy.

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TCT Show 2019 TOOLEX 2019 Northern Manufacturing 2019 MTA Hanoi 2019 Advanced Engineering 2019 Metalex 2019 Machine Tool Indonesia 2019 Steelfab 2020 WIN Eurasia 2020 Shenzhen International Machinery Manufacturing MACH 2020 ITM Industry Europe 2020