The steel producer said that at the same time, the sector is undergoing structural transformation as steelmakers switch to low-carbon production technologies and increasingly adopt circular production models based on recycling.
Industry welcomes the call for increased government support
Against this background, industry representatives welcomed the recent call by the First Minister of Wales, Eluned Morgan, for urgent action by the UK government to support domestic steel production. , as previously reported by SteelOrbis. This statement is seen by market participants as an important political signal at a time when the sector is seeking stronger political support during the ongoing industrial transition.
According to 7 Steel UK, the Welsh steel industry remains a core industry supporting a wide range of processing industries in the UK economy, making policy stability critical to maintaining competitiveness.
Energy prices and trade guarantees remain key priorities
The company noted that operational issues related to energy costs and trade uncertainty are already reflected in the day-to-day
