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PrintA Dearne MP has called on TATA to boost investment and back steel production. It comes after changes announced in the Budget which means from next year steel making will become exempt from the Climate Change Levy, a tax on energy use.
Mr John Healey, Wentworth and Dearne MP, had called for the introduction of a metallurgic process exemption, by appealing directly to the Chancellor in October 2012.
Mr Healey said that the exemption would help electric arc steelmakers like TATA in Rotherham, who are high users of energy, stay competitive in Europe.
He said that “Steel is one of this country’s strategic industries, and the Chancellor’s announcement will be very welcome in my constituency. It will help to secure the industry for the future, and I hope that it will also help to secure extra investment from TATA Steel.”
He added that he also called on the Government to do more to boost growth.
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