An incoming government must also act quickly to reduce energy price differentials, provide new mechanisms to help improve energy efficiency and develop a roadmap to guaranteeing competitive energy prices for the long term.
The calls comes in the Building a Future for Steel manifesto, which sets out several challenges for the incoming government.
The manifesto also calls for a robust trade defence instruments regime, positive public procurement, reform of business rates, and a steel sector deal.
“The steel sector strongly welcomes the new commitment, across the political spectrum, to a new and enhanced industrial strategy,” the manifesto said.
“As part of this, we want to build a long-lasting partnership between government and industry through an ambitious sector deal that equips us for the challenges of the future.
“Such a partnership must aim to: expand R&D and product innovation programmes, boost investment, increase production and exports, help us deliver shared decarbonisation goals, maximise our potential within the circular economy and ensure we truly deliver for the steel customers of the future.”
The manifesto added: “The UK steel sector has a positive vision of its future, at the very centre of UK manufacturing.
“There’s a bright future for UK steel, we challenge the incoming government to help us realise it.”
To view the UK Steel manifesto, click here.
UK Steel launches manifesto for incoming UK government
The next government needs to maintain seamless trade between the UK and the European Union, UK Steel has said.