| answer text |
<p>The Government is aware the sector's transition to electric arc furnaces will mean
scrap steel becomes an increasingly vital material source for UK steelmaking. The
UK has an abundance of ferrous scrap and a strong scrap sector<del class="ministerial">.</del>
<ins class="ministerial">- there were c.11 million tonnes of scrap arising in 2021,
with 2.6 million tonnes (25%) consumed domestically (International Steel Statistics
Bureau via UK Steel) and 8.6 million tonnes (75%) exported (HMRC Overseas Trade Data).</ins>Steel
producers are increasing their engagement with scrap metal dealers to secure future
supply. Government officials continue to closely monitor the development of the scrap
market and the Government will consider its options if evidence emerges that the market
is failing to respond effectively.</p>
|
 |
