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Liberty Steel calls for government action to revitalize UK steel industry-½ðÊôÕ¹-Ò±½ðÕ¹-2025¹ãÖݾÞÀ˹ú¼Ê½ðÊôôßÒ±½ð¹¤ÒµÕ¹ÀÀ»á-¾ÞÀËÕ¹ÀÀ-2025 China ( Guangzhou) Int'l Metal & Metallurgy Industry Exhibition 4/7/2025 ½ðÊôÕ¹-Ò±½ðÕ¹-¸ÖÌúÕ¹-steel expo-metal & metallurgy expo |
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UK-based steelmaker Liberty Steel has proposed decisive government action in the form of strategic demand.side measures, cost competitiveness and co-investments to reverse the long-term decline in UK steelproduction and to set the industry on a sustained upward trajectory.
Highlighting that the government should take new measures to drive higher UK steel production by stimulatingdemand for UK-made steel, the company said it believes the Renewables Obligation on electricity supplierscould be adapted to the steel sector in the form of a Steel Obligation, stimulating demand for UK scrap fromocal mils and enabling more resilient, lower-carbon value chains in the country''s steel sector and associatedstrategic sectors.
"Today''s alobal economic and political context means UK policy needs to shift to creating sustainable demandfor UK-made steel. As competing jurisdictions support their own steel producers and leave the UK vulnerable toglobal steel imbalances, the UK needs a new approach to its critical industries and capabilities. Demand-sidepolicy measures and well-targeted co-investments in UK steel capabilities could keep more value in the UK.Jeffrey Kabel, chief transformation officer of Liberty Steel, said.
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