Steel tariffs watered down after industry backlash Industrials Government ministers have watered down the looming steel tariffs after manufacturers warned that the measures intended to safeguard Britain’s steelmakers would cause “immediate hardship” on downstream businesses. In a written statement to parliament, trade minister Chris Bryant confirmed the government would now slash the tariff-free steel import quota by 51 per cent, as opposed to [...]
Port Talbot £1.25bn electric furnace gets green light Business Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional [...]
Tata Steel: Plans submitted for new electric arc furnace in Port Talbot Politics Tata Steel has submitted a planning application for a new electric arc furnace at its Port Talbot plant. The Indian steel manufacturer wants to build the new state of the art furnace after it closed its blast furnaces in September, cutting 2,000 jobs. Tata says the move would be a “significant step in the company’s [...]
Britain’s economy can’t run on industrial nostalgia October 7, 2024 Just because an area like Port Talbot once supported a particular industry like steel, there’s no reason the state must ensure it always does, says Eliot Wilson When the government announced last month that it would give Tata Steel £500m to modernise its facility in Port Talbot, I noticed a revealing remark. The business and [...]
Steel group warns Labour’s industrial strategy must ‘go much further’ amid UK exit threat September 13, 2024 ArcellorMittal has threatened to quit the UK over a protracted dispute surrounding the redevelopment of a commercial port in south-East England.
UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Government finalising £500m rescue package for Tata’s Port Talbot plant September 9, 2024 The government is drawing up a £500m rescue deal for Tata Steel’s Port Talbot plant this week, following the closure of its blast furnaces.
Election 2024: Starmer won’t put figure on keeping Port Talbot steelworks open July 4, 2024 Sir Keir Starmer has refused to say how much money he would be willing to spend to prevent Tata Steel’s Port Talbot plant closing.
Tata and unions in eleventh hour talks over early Port Talbot closure June 30, 2024 The company enraged unions last week after it revealed plans to bring forward the closure of its blast furnaces in south Wales due to strikes.