, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay. Thank you, Luke. I'll now bring in Sam Kurtz. Sam.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay. Thank you, Vikki. Before I bring in Sam Kurtz, I know that Luke Fletcher would like to come in. Very, very quickly—we are, obviously, pressed for time, so if we can be as succinct as possible, that's great.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes. Absolutely.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes, that'd be helpful.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you, Hefin. I'll now bring in Vikki Howells. Vikki.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes, please.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay, thank you. Before I bring in Vikki Howells, I know that Hefin David would like to come in. Hefin.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
So, is it your understanding that the grant of £500 million would actually be paid after you've built the electric arc furnace?
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
And in terms of the current deal, are there any specific conditions attached to this deal? Did the UK Government attempt to attach conditions to the deal during the course of your negotiations with them?
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
What would you mean by 'additional measures'?
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
So just to be clear, then, if more money was on the table, you would actually look at alternative measures.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
—in your decisions. So, if the UK Government offered you more money, would you be prepared to look at alternative measures?
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Clearly, from your answers, obviously the financial one is a significant factor—
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you for those introductions. Perhaps I can just kick off this session with a few questions. First of all, is your decision to close the two blast furnaces and build an electric arc furnace purely a financial one?
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you.
, Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Welcome back to this meeting of the Economy, Trade and Rural Affairs Committee. We will move immediately to item 4, which is a session with Tata Steel. This is the second of today's sessions considering the future of steel in Wales. It's an opportunity to…
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
We'll now take a short break to prepare for the next session.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Diolch, Sam. I'm afraid time has beaten us, Minister, so our session has come to an end. Thank you to you and your officials for being with us this morning. Your evidence will be very important for us as a committee in scrutinising this matter, going forward…
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Diolch, Luke. I'll now bring in Sam Kurtz.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Thank you, Buffy. I'll now bring in Luke Fletcher. Luke.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Thank you, Vikki. I’ll now bring in Buffy Williams. Buffy.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Diolch, Hefin. I'll now bring in Vikki Howells. Vikki.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Yes, by all means.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Okay. I'll now bring in Hefin David. Hefin.
, Economy, Trade, and Rural Affairs Committee
Minister for Economy - Tata Steel session
Okay.
