EU tariffs leave UK steel industry facing ‘biggest threat ever’ Industrials 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 [...]
British Steel braces for fresh Trump tariff blow Business The British steel industry is gearing up for the hammer blow of fresh US tariffs after Downing Street could not confirm that steelmakers would be exempt from the levies. The UK government unveiled a trade deal with the US last month, under which metal exports would be exempted from punitive tariffs. But negotiations on the [...]
Fuel for blast furnaces and iron ore supplies arrive at British Steel Industrials Steelworkers at Scunthorpe have been given a more certain future with the arrival of new raw materials to operate British Steel’s blast furnaces, ministers have announced. 55,000 tonnes of blast furnace coke have arrived in the UK to fuel the Scunthorpe plant in North Lincolnshire, and a shipment of more than 66,000 tonnes of iron [...]