§ Mr. Skeetasked the Chancellor of the Exchequer what he assesses will be the value to the iron and steel industry of the budgetary concessions in terms of savings per ton of finished steel produced.
§ Mr. ErrollI have been asked to reply.
The iron and steel industry will benefit from the reduction in duty on certain light petroleum distillates which should make it economic to use them to enrich blast furnace gas used for furnace fuel; but the value of this concession cannot yet be estimated.