UK

Today, the Government has announced a new Steel Strategy aimed at strengthening the long-term resilience and competitiveness of the UK steel sector. More details can be found HERE.

In response to the publication of the Strategy, CCSA CEO Olivia Powis, said: “The CCSA welcomes the Government’s decision to strengthen protections for the UK steel industry, recognising the need to safeguard a foundational British sector and the skilled jobs it supports. This sends a clear signal to investors and supports the development of a more sustainable steel industry, although it will be important that measures are in place to ensure UK steel remains competitive and affordable for domestic projects and industries.

A similar level of strategic focus is needed across the UK’s other critical foundation industries – including cement, chemicals and refining – where CCUS will play a central role in decarbonisation and in securing their long-term competitiveness in global markets.

At a time of geopolitical instability and disruption to global trade, the UK must maintain domestic industrial capability to deliver major infrastructure projects, including HyNet and the East Coast Cluster, where British steel is already playing a vital role and helping to deliver the CCUS sector’s voluntary 50% local content target, boosting supply chains and strengthening economic resilience.”