Heathrow Airport Signs UK Steel Charter
The UK’s steel industry received a boost this month when Heathrow Airport signed up to the UK Steel Charter.
According to the Mirror, the charter has been drawn up to encourage businesses to use British steel in major construction projects. In signing the charter, Heathrow Airport has signalled its intent to use British-made steel in any major construction projects.
With the possibility of a third runway on the table, this could be a significant boost for the sector, the newspaper noted.
It’s estimated that this project will require 370,000 tonnes of steel should it go ahead.
John Holland-Kaye, Heathrow chief executive, commented: “Heathrow expansion is an opportunity to deliver an economic boost for all the nations and regions of the UK, and supporting the steel industry is key to achieving that.”
Gareth Stace, UK Steel director, told the newspaper that the organisation was “absolutely thrilled” to have Heathrow onboard.
“In signing the UK Steel Charter, Heathrow is giving steel producers the length and breadth of the UK the best possible chance of playing a major part in this exciting project,” he asserted.
This comes after a tumultuous few months for the sector, after British Steel was put into compulsory liquidation in May this year. However, there have been reports that there are a number of potential buyers in the pipeline.
Business secretary Greg Clark recently told MPs that a positive future for the company was “within grasp” and could mean that the firm flourishes in the years to come.
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