HC Deb 16 July 1986 vol 101 c532W
31. Mr. Caborn

the Secretary of State for Trade and Industry if he will make a statement on the current state of the steel industry.

Mr. Channon

The profits recently announced by the British Steel Corporation together with signs of growing profitability among private sector firms such as Sheerness Steel and Arthur Lee, indicate that the industry is in a better condition now than for some years. The industry still faces major challenges, but the progress made in recent years is most encouraging.