UK Steel - Industrial Strategy submission

24 November 2024 - In identifying the most important subsectors, Government should assess the strategic importance of a sector, its position and significance within the wider supply chain and, therefore, the associated multiplier effects from growing the industry, both in value and employment terms.

While the Government has already recognised the importance of the steel industry by creating a separate, dedicated strategy for the sector, it is worth emphasising the importance of the steel industry to the overall aims of the Industrial Strategy.

The Industrial Strategy must be aligned with other Government policies, and, in particular, the Steel Strategy, which DBT is currently developing. The two strategies must work in unison, ensuring that the Industrial Strategy supports the Steel Strategy and vice versa.