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Steel crisis

  • Severfield revels in record order book amid rebound in projects

    RECORD ORDERS

    Severfield has posted a record order book in the UK and Europe for the second half of the year, totalling £479m.

  • HMRC hits under pressure Liberty Steel boss with winding up petition

    WIND UP MERCHANT

    Her Majesty's Revenue and Customs is attempting to force a division of Sanjeev Gupta's steel empire into insolvency.

  • BEIS committee calls for sector deal to protect steel industry

    The government must establish a new steel sector deal to ensure the UK industry remains competitive, says the business, energy and industrial strategy (BEIS) committee. In its latest report, the committee argues it could resolve long-running issues in the sector such as high energy prices and barriers to supplying steel for major public projects. The deal could [...]

  • Budget 2021: Steel sector bemoans “missed opportunity” as energy costs continue to rise

    October 27, 2021

    The Budget was a “missed opportunity” for the country’s steel sector, argues the UK Steel and Community Union. The organisation has criticised Chancellor Rishi Sunak, believing he has left the steel sector “high and dry” by the lack of action on electricity prices and its failure to set out a clear plan for decarbonising UK steel production. [...]

  • Trade authority to review decision to axe half of UK steel tariffs

    September 7, 2021

    The UK’s trade practice watchdog has said that it will reconsider its recommendations over scrapping tariffs on some steel imports after industry protests. The Trade Remedies Authority (TRA) said that it had received eight submissions asking for it to review its initial assessment. Back in June the TRA triggered mass outrage from the steel industry [...]

  • UK to introduce new steel safeguards to protect industry

    June 30, 2021

    The UK will introduce new safeguards for the steel industry after backing a recommendation to scrap some existing import quotas. International trade secretary Liz Truss tonight confirmed that the government would accept the Trade Remedies Authority’s (TRA) finding and scrap existing safeguards on nine out of 19 steel categories, while keeping them intact on the [...]

  • UK mulls a carbon tax on polluting imports

    May 28, 2021

    The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.

  • Gupta’s Liberty Steel to restart UK operations next week as Government talks roll on

    March 29, 2021

    Gupta's Liberty Steel to restart UK operations next week

  • Rotherham steelworks owner Liberty Steel puts in new bid for Thyssenkrupp

    January 25, 2021

    Liberty Steel has put in a fresh takeover offer for a unit of Thyssenkrupp

  • Government can give real steel to the green revolution

    January 13, 2021

    Governments around the world are accelerating action against climate change. The election of Joe Biden has raised hopes that the US will take a leap forward and we are seeing more ambitious targets being set for decarbonisation in Europe, Japan and even China. In the UK, Prime Minister Boris Johnson has set out a promising [...]

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