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 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 Trade authority to review decision to axe half of UK steel tariffs 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 [...]
Steelmakers call for cheaper electricity bills to stay competitive, as Europe reaps benefits October 8, 2019 Steel companies in the UK pay nearly twice as much for electricity than their counterparts on the continent, despite the industry facing unprecedented challenges in Britain. British steelmakers face electricity prices 80 per cent higher than their direct competitors in France, and 61 per cent higher than in Germany, according to research. Read more: British [...]
More than 400 jobs on the line as Tata Steel announces Newport factory closure September 2, 2019 Hundreds of jobs are at risk at two UK steel plants after owner Tata Steel said it would shut down part of its operation. Tata said it planned to close its Orb Electrical Steels site in Newport, after looking to try to sell the plant for the last 15 months. The factory produces electrical steel [...]