Proceeding contribution from Sajid Javid (Conservative) in the House of Commons on Tuesday, 12 April 2016. It occurred during Emergency debate on UK Steel Industry.
UK Steel Industry
We have had meetings with that particular company and many others in a similar situation. The hon. Gentleman will know that many of them are private companies and therefore not subject to all the rules around procurement, but there are ways of trying to encourage them to invest more in British steel, and that is exactly what is happening.
The question of trade defence instruments was raised earlier, and the hon. Member for Wallasey (Ms Eagle) mentioned the point as well. We have been working hard on this issue at EU level, and that work began long before this crisis broke. I hear a lot in this House about ideology, but I am just interested in one thing: what actually works. When evidence shows that tariffs against unfair trade will make a difference without harming British businesses or British consumers, I will always support them. That is why last July the UK voted to impose a 16% tariff on wire rod; since those duties were imposed, imports from China have fallen by as much as 90%.
In November, we voted to impose a 28% tariff on seamless pipes; since those duties were imposed, imports from China have gone down 80%. In January, we voted to impose an 11% tariff on rebar, and since then, imports of that particular steel product have fallen by a massive 99%. In February, we voted for a 15% tariff on cold rolled flat products, and that move has already reduced imports from China to almost nothing. This is real action with real tariffs and they are making a difference for British steelworkers.
Secondary information
- Type
- Proceeding contribution
- Reference
- 608 c197
- Session
- 2015-16
- Chamber / Committee
- House of Commons chamber
- Subjects
- Closures Defence equipment China Government assistance EU action Import duties Iron and steel Manufacturing industries Redundancy Prices Surpluses Port Talbot Tata Steel
- Link
- View this Proceeding contribution on hansard.parliament.uk
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- 2022-04-16 09:17:46 +0100
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