Business secretary Jonathan Reynolds said: “We are putting the full weight of Whitehall behind the industry… this government has committed up to £2.5 billion to the future of steel to protect our industrial heartlands, maintain jobs, and drive growth as part of our Plan for Change.".
Gareth Stace, director general of UK Steel, said: "The government's commitment to our steel sector is both vital and welcome.
Unite general secretary Sharon Graham said: "The launching of the steel strategy is a critical landmark for a foundation industry, whose success is essential to the wellbeing of our economy and our national security.
Andy Prendergast, GMB national secretary, said: "After years of dithering, today's plan provides desperately needed funding for our once proud, now beleaguered steel industry.
The steel industry has struggled in recent years, including jobs lost at a huge plant in Port Talbot, South Wales, because of a switch to a greener method of production.