Feeding off scrap: Steel industry must go green if it wants taxpayer support NICHOLAS EARL The steel sector must embrace scrap supplies if it wants to present a viable green future and win over taxpayer support for more funding.
Steel yourselves: Severfield announces record UK order book record orders Steel group Severfield has posted a bullish trading update, revealing a record order book for projects in the UK and Europe.
Sanjeev Gupta’s GFG vows to fund steel producer ABB’s fight against New York bankruptcy case Steel saviour Sanjeev Gupta’s GFG Alliance has set out its plan to block steel producer Aartee Bright Bar (ABB) from being forced into bankruptcy. The conglomerate, which fully acquired the Midlands company last month, said it would ask a court to block New York investment fund FGI from plunging ABB into insolvency. GFG said its rescue plan [...]
UK falling behind EU rivals in green steel race, climate group warns March 7, 2023 The UK is falling further behind its European rivals in the race to develop green steel plants, according to a top climate think tank.
British Steel confirms 260 jobs at risk amid coke oven closures February 22, 2023 British Steel announced 260 jobs are at risk amid proposals to close its coke ovens at its plant in Scunthorpe. The firm said the UK remains “uncompetitive” compared to rival markets with energy and carbon costs “some of the highest” globally. It said it had seen a £190m rise last year and the facilities were [...]
Hundreds of jobs at risk as Chinese-owned British Steel set to announce closure of Scunthorpe plant February 22, 2023 Unions fear British Steel is set to announce the closure of coking ovens at one of its plants, with the loss of hundreds of jobs as the company warns it faces “significant challenges”. Union officials were told earlier this month the Chinese-owned company was considering closing coke ovens at its site in Scunthorpe. An announcement [...]
A tale of two industries: Government will regret saving steel over Britishvolt January 23, 2023 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 January 20, 2023 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 December 14, 2022 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.