answer text |
<p>There are a number of challenges facing the steel industry globally, including
demand slowing across developed economies and persistent global excess production
capacity, which lowers prices and makes it difficult for UK steel companies to compete
fairly. We are working to safeguard the UK from this problem through effective trade
defence measures and working through the G20 to ensure action is taken on global excess
capacity and on the unfair subsidies that contribute to it.</p><p> </p><p> </p><p>
</p><p>We have worked closely with UK steel producers and businesses in their supply
chains to understand the potential impacts of EU Exit and support them to prepare,
and will continue to do so over the coming weeks.</p><p> </p><p>The UK Government
is also taking wide-ranging action to support the industry including compensation
for energy costs, supporting innovation and clean steel production, and working with
the industry to introduce steel procurement guidance.</p>
|
|