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Labour Party Blueprint to Revive UK Steel Industry

Steel News - Published on Tue, 10 Dec 2019

Image Source: UK Steel Sector Plan
The Mirror reported that UK’s Labour Party is unveiling a blueprint to revive the fragile sector including a GBP 1b million injection into boosting steel recycling by creating new plants in three UK regions. Shadow Business Secretary, Rebecca Long-Bailey MP said “Unlike the Conservatives, Labour will not sit idly by while the steel industry comes under siege.”

Labour’s manifesto to save the industry includes a GBP 1 billion injection into boosting steel recycling by creating new plants in Workington, Cumbria; Redcar, Teesside; and Corby, Northants. The move will create 3,300 jobs and help curb the amount of scrap steel the UK sends abroad.

Labour also vowed to slash electricity prices for the industry.

Source :

Posted By : Arun Huidrom on Tue, 10 Dec 2019
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