A thriving steel industry will be vital to the Green Industrial Revolution. Labour will support our steel through public procurement, taking action on industrial energy prices, exempting new capital from business rates, investing in R&D, building three new steel recycling plants
From the Labour Party Manifesto.
Why? The country’s fine with steel recycling plants, We have plenty of them too. It’s basic steel plants, from iron ore, that we’ve not got. And shouldn’t have anyway.