If the UK finds itself relying on the international steel market, prices could spike and steel-hungry offshore wind projects could be delayed, a report says.
Future offshore wind projects could be at risk because of a rise in demand for steel, according to analysis by consultancy group Newton. The expected spike in demand could leave British projects relying on foreign steel unless UK production is ramped up - which is unlikely, the analysis says, after plans to close furnaces at Port Talbot were announced earlier this year.
'This means they need the requisite raw materials to be available at the price they've planned for. 'To ensure we're not blown off track, it is imperative that UK industry and government collaborate to ensure a steady supply of steel that can meet the predicted demand peaks as industry flexes to meet the 50GW target. 'After the closure of the Port Talbot steelworks in January, this is no mean feat.
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