Nick Clegg responds to Steel Announcement

Nick Clegg MP has called on the Government to consider co-investing in the South Yorkshire steel plants, after they announced they would consider doing so to save Port Talbot.

Reacting to the announcement that the Government would consider co-investing with a private sector partner to help save the TATA steel works in Port Talbot, Nick Clegg, Sheffield's Liberal Democrat MP said

"Today's announcement that TATA's Scunthorpe plant has found a buyer shows that there is a future for the UK Steel Industry. The Government now needs to be working around the clock to find a buyer for TATA's other plants, including Stocksbridge and Rotherham. 

"I welcome Sajid Javid's announcement that the Government would consider co-investing to save the Port Talbot plant and would urge the Government to consider doing the same for TATA's South Yorkshire plants to keep them viable until a buyer can be found.

"It is also high time that the Conservative Government uses the full clout of the EU to act against the continuing glut of below cost Chinese steel which is being dumped on world markets. This can only happen, however, if the Conservatives lift their block on new EU rules which would enable it to impose higher tariffs on unfairly priced steel imports."

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