UK Steel Manifesto

Deliver Competitiveness. Futureproof our steel sector.

A strategic sector
The UK steel industry is a strategic sector underpinning the UK’s economy and supply chains, at the heart of Net Zero objectives and a circular economy, and central to our defence capability and wider national resilience.
The UK is in a prime position to lead the world in Net Zero steelmaking
We sit on an abundance of steel scrap resources critical to the circular economy, we are leaders in renewable energy, and have access to cutting-edge research and innovation. Britain has a long and proud history of steelmaking, and today, the industry supports over 34,000 jobs and world-class British manufacturing.
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For a competitive and futureproofed UK steel sector, jobs and growth

1

Lowest industrial electricity prices in Europe

The future of the UK’s steel industry depends on its ability to decarbonise, which is contingent on competitive electricity prices. Two changes are needed: parity with competitors on network charges and wholesale electricity market reform.

2

Steel scrap competitiveness and recycling capability

Scrap is a strategic material and will be critical to the steel sector’s Net Zero future. By 2030, UK scrap demand could increase by 70% and global demand by 30%, and this will continue to accelerate into 2050. The UK is fortunate to generate more than 10 million tonnes (Mt) of steel scrap each year.

3

Decarbonisation through Government-industry partnership

We are committed to reducing 80% of emissions by 2035 and Net Zero steel production by 2050. Our sector wants to work hand-in-glove with Government to achieve these aims. UK steel must be part of UK decarbonisation. Investment is needed in wide plate steelmaking capability for in wind towers, floating wind and the wider offshore wind supply chain.

4

Investment in innovation

The UK boasts some of the best research and innovation expertise, which we must capitalise upon and grasp the opportunity to become global leaders in green steelmaking.

5

UK CBAM by 2026

A UK Carbon Border Adjustment Mechanism is now proposed to be implemented in 2027, a year later than when the EU’s CBAM takes effect, exposing our market to trade diversion of high-emissions steel.

6

Robust trade defence

The UK must be ready to take a stronger stance on trade remedies, making them more accessible to industry, developing a clear position towards non-market economies and forming alliances with like-minded countries to develop new trade remedies tools that are fit for purpose.

7

Leverage power of public procurement

The Government has a hugely powerful tool at its disposal to bolster UK industry and supply chains, while at the same time maximising the social, economic and environmental benefits of public expenditure.

why the uk needs a strong steel sector
2 October 2023: UK Steel launches a new publication demonstrating the importance of steel within a resilient, low-carbon economy. Steel is a key driver of economic growth and supply chain resilience, central to the UK’s decarbonisation journey and the UK is in a prime position to lead green steelmaking as one of the largest scrap suppliers in the world. UK Steel showcase the impact and importance of steel to a global audience.
Net Zero Steel
July 2022: To create a Net Zero steel sector in the UK and meet Government targets, this report from UK Steel calls for a renewed focus on establishing a supportive business environment for steelmaking.
Defence Procurement Position PapeR
2 May 2024: UK Steel has identified a crucial opportunity to develop the industry-Government relationship with the Ministry of Defence (MOD) and secure the strategic supply of UK-made steel for the defence sector.
UK Steel Electricity Price Report
This report shows the significant electricity price disparity the UK Steel sector faces compared to its European counterparts 
UK CBAM: Key design principles report
18 April 2024: In its new CBAM report, UK Steel sets out twelve crucial design principles for guaranteeing a robust policy with minimal risk of circumvention, strong carbon leakage protection, and simplicity. A key recommendation includes bringing the UK CBAM forward to 2026, in line with the EU, to minimise the risk of trade barriers and trade diversion.
UK Steel Safeguards fact sheet
21 February 2024: The UK steel safeguards are due to expire in June 2024, and UK Steel's fact sheet explores why steel safeguards exist in the UK and why these should remain in place until June 2026. Steel safeguards remain necessary to shield the UK from rising global excess capacity and the inevitable trade diversion resulting from US Section 232 tariffs and the EU’s own safeguards.