Department for Business, Innovation and Skills
This includes taking the action listed below, following the high-level steel summit in October 2015.
On 17 December we secured state aid clearance to pay further compensation to energy intensive industries (EIIs) - including steel - for renewable policy costs. This comes on top of the compensation we have already been paying to EIIs, including over 50 million to steelmakers to date.
In the Autumn Statement we announced that we would exempt EIIs from renewable policy costs.
Further information on relief for EIIs has been published today (19 January 2016).
EU Industrial Emissions Directives
We have secured the longer lead-in times for compliance the industry asked for, which will save millions of pounds.
In July and again in November last year, we voted in favour of anti-dumping measures on the imports of certain steel products.
It was the UK that lobbied successfully, in support of industry calls, for an EU investigation into cheap imports of reinforcing steel bar.
We requested and secured an extraordinary meeting of the EUs Competitiveness Council and where there is clear evidence, agreed faster action on dumping and EU action in the past month shows they have listened.
We have published and further updated guidance for government departments, allowing considerations such as social impacts, job impacts and staff safety, so that the true value of UK steel can be taken into account. We are the first country in the EU to take advantage of and implement these new flexibilities.