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How do energy costs affect UK steel?

The UK’s steel industry is facing a number of pressures. The collapsing price of steel – which is, in part, being driven by the ‘dumping’ of Chinese steel in European markets – is placing huge competitiveness pressures on the UK’s steel industry. However, the UK’s energy and climate policies have exacerbated the problems faced by the UK’s steel industry by burdening the UK with punitively high electricity prices.

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View Daniel Mahoney debating the future of the UK steel industry on Sky News: 

Daniel Mahoney - Thursday 31st March 2016

Daniel joined the Centre for Policy Studies as Head of Economic Research in November 2015. He was promoted to Deputy Director in March 2017. Prior to joining the CPS, he worked in research roles for a number of parliamentarians.