A tale of two industries: Government will regret saving steel over Britishvolt NICHOLAS EARL The government could regret backing British Steel while leaving Britishvolt to collapse, writes energy editor Nicholas Earl.
Govt to funnel £300m towards British Steel in bid to save struggling metal maker from collapse – reports SAVE STEEL The Government is poised to funnel nearly a third of a billion pounds towards British Steel to save the struggling metal maker from collapse, according to reports. Sky News said that Chancellor Jeremy Hunt is prepared to hand the company £300 million in instalments over the next few years if it meets certain conditions. The [...]
Give us the support we need to compete with Germany, urges steel body steel crisis Industry group UK Steel has urged the Government to match the financial support offered to rival markets such as Germany.
Severfield records bumper profits driven by soaring steel prices November 22, 2022 Severfield has unveiled bumper revenues and profits, powered by soaring steel prices and increased business activity.
British Steel’s Chinese owners push for Government bailout October 1, 2022 The owners of British Steel are seeking an urgent package of financial support from taxpayers, according to Sky News.
Electrifying steel production and investing in scrap could slash industry emissions, reveals think tank July 11, 2022 Green Alliance has urged the government to move away from coal imports to meet the country's production needs.
Lord Geidt resignation: Ethics adviser quit after being asked for advice on steel tariffs June 16, 2022 The Prime Minister’s ethics adviser resigned after being asked to approve tariffs on steel which the government itself acknowledges would break part of a World Trade Organisation treaty. Lord Geidt resigned last night, and in his letter to the Prime Minister said he was “tasked to offer a view about the Government’s intention to consider [...]
Steel can power UK’s energy ambitions, says Severfield boss June 15, 2022 Steel has a vital role in boosting energy infrastructure and help power the transition to a greener economy, argued Severfield's boss.
Andrew Bailey to face MPs over British Steel pensions scandal with former FCA boss under fire June 13, 2022 BANK of England governor Andrew Bailey will face MPs later today as he faces questions over his then-role at the top of the financial watchdog during the British Steel pension scheme. When Tata Steel — British Steel’s owner — was in financial difficulty in 2017, The Pensions Regulator allowed staff to transfer their pensions out [...]
Severfield revels in record order book amid rebound in projects April 20, 2022 Severfield has posted a record order book in the UK and Europe for the second half of the year, totalling £479m.