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<p>We have regular discussions about the procurement of steel with the Department
for Business, Energy and Industrial Strategy, which has asked all government departments
to consider guidance on steel procurement and to notify of any upcoming opportunities
for industry.</p><p>More broadly, the government is committed to supporting the steel
sector to realise the broader commercial opportunities that are open to it, which
could be worth an additional £3.8 billion a year by 2030. We are establishing the
Industrial Energy Transformation Fund – backed by up to £315m of investment – to help
businesses with high energy use (including steel companies) to cut their bills and
transition UK industry to a low carbon future.</p><p>We are also providing up to £66m
through the Industrial Strategy Challenge Fund to help steel and other foundation
industries develop radical new technologies.</p>
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