UK to raise steel tariffs in bid to ‘save domestic production’ Industrials The UK government has reduced steel import quotas and raised tariffs to 50 per cent outside unit limits as part of a strategy to save the industry, an “bold” move that is likely to draw criticism from economists and opposition groups. Quotas for imports free from the higher tariffs will be reduced by 60 per [...]
Mark Kleinman: Corporates queue up for 2026 p(l)ay-date Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Corporates queue up for 2026 p(l)ay-date Talk about being on the naughty step. For Anglo American, sealing its $60bn merger with Canada’s Teck Resources – and in the process putting well and truly paid to BHP’s [...]
There is a future for British steel – but it isn’t built on nostalgia Opinion Traditional steel making is one of the dirtiest industries on earth. Transforming it into an industry of the future requires innovation not nostalgia.
EU tariffs leave UK steel industry facing ‘biggest threat ever’ October 7, 2025 The UK’s ailing steel sector is facing the “biggest crisis in its history”, industry chiefs have warned, after the European Union unveiled plans to double tariffs on all steel imports in a bid to revive its moribund steelmaking capacity. As part of efforts to kickstart a “reindustrialisation of Europe“, EU commissioners signed off a proposal [...]
Government takes control of UK’s third-largest steelworks after collapse August 21, 2025 The UK government has taken control of the country’s third-largest steelworks as near 1,500 workers face uncertainty. Speciality Steels UK (SSUK), which owns major sites such as Liberty Steel in Rotherham, South Yorkshire, was put into compulsory liquidation after insolvency courts granted a winding-up order sought by creditors. The creditors said they were owned hundreds [...]
Trump tariffs: Fresh delay as UK steel exemption hangs in the balance July 8, 2025 Downing Street would not say whether the Government was confident that a deal to eliminate American tariffs on UK steel would be struck as Donald Trump’s deadline looms. White House Press Secretary Karoline Leavitt announced on Monday that US President Donald Trump would be delaying an increase to the baseline 10 per cent tariff rate [...]
Firms stumped up extra £29bn for ‘astronomical’ energy costs June 19, 2025 British industry has had to fork out an additional £29bn to fund rising energy costs over the past four years, a fresh analysis has shown, adding further weight to calls for government bring down energy prices for British firms when it publishes its industrial strategy. According to the Energy and Climate Intelligence Unit (ECIU), firms’ [...]