Electrifying steel production and investing in scrap could slash industry emissions, reveals think tank EXCLUSIVE 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 WESTMINSTER DRAMA 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 EXCLUSIVE 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.
HMRC hits under pressure Liberty Steel boss with winding up petition February 10, 2022 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 November 5, 2021 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 [...]