"The investment by Marcegaglia Stainless Sheffield to renew its Electric Arc Furnace delivers yet more highly positive news for the UK steel industry. Coupled with the investment agreement for Tata Steel's Port Talbot site last week, this brings a much-needed injection of funds into the UK steel sector, which will transition it into a more efficient and decarbonised industry."
"All that's needed now to make these investments count is for the Government to deliver the competitive business landscape and level playing field that our steelmakers need for a bright future. A good start to address competitiveness is to increase compensation from network charges on electricity to 90%, up from 60%."
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