§ 72. Mr. Scott-Hopkins
asked the Minister of Technology what estimate he has made of the probable price increases in the motor car industry, farm implement manufacturing industry and the shipbuilding industry, following the rise in steel prices of 11 per cent. announced by him on 26th January, 1970.
§ Dr. Ernest A. Davies
The effect on consuming industries of the 10 per cent. 9W average increase in steel prices will vary according to the quantity and type of steel taken. Any effect on the prices of steel-containing products will depend on a wide range of factors, including steel content.