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UK government commits £2.5 billion to support transition of steel industry-激光设备展-钣金工业展- 25th China(Guangzhou) Int'l Laser Equipment and Sheet Metal Industry Exhibition
2/24/2025 钣金工业展-激光设备展-sheet metal expo-Laser expo |
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The UK government has committed to providing up to 2.5 bilion of funding within the scope of "The Plan forSteel" for the transition of the steel industry to net zero and production of green steel. This is in addition to theexisting f500 milion investment in the building of an electric arc furnace at Tata Steel UK''s Port Talbot plant.
In developing the strategy, the government is exploring opportunities and challenges which could have thebiggest impacts for the UK steel industry, including: identifying support for investment opportunities, assessingthe viability of technologies for the production of primary steel, including direct reduced iron; stimulating demandfor domestically produced steel; how to best use and improve the UK''s capability in scrap metal processing;how to protect the sector against unfair trading practices and overcapacity in the global market.
Commenting on the government''s strategy for the future of the UK steel industry, Sharon Graham, generalsecretary of Unite, the UK''s leading union, said, "This strategy must act as the foundation for building asuccessful green steel industry in the UK. Going forward the government must tackle excessive energy chargeswhich make UK steel overly expensive, while introducing watertight rules to ensure the public sector alwaysbuys UK steel.”
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