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<p>My officials have discussed 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>
</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 £315 million 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. We are also providing up to £66 million through
the Industrial Strategy Challenge Fund to help steel and other foundation industries
develop radical new technologies.</p>
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