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Steel crisis

  • 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 [...]

  • Insurance giants in talks to buyout £10.5bn British Steel Pension Scheme

    June 29, 2019

    The board of the £10.5bn British Steel Pension Scheme (BSPS) are in talks with a number of insurance giants to sell it. Trustees of the BSPS have begun discussions to offload the scheme two years after receiving £550m to rescue the steel firm, according to Sky News. Read more: FCA crack down on defined benefit [...]

  • British Steel collapse: Aftermath could have ‘tsunami-like’ effect on industry

    May 22, 2019

    To understand the effect British Steel’s collapse could have on its native Scunthorpe, just look at a map. The steelworks is almost as big as the town itself. Britain’s industry-reliant communities such as Port Talbot, Tofaen and Stockton-on-Tees have already seen the highest rise in personal insolvencies of anywhere in the country over the last [...]

  • Tata Steel cuts 720 jobs over UK’s “cripplingly high electricity costs”, slams government for failing to tackle rises

    July 16, 2015

    The government has been slammed for failing to tackle “the UK's cripplingly high electricity costs,” which Tata Steel claim have left it no choice but to make 720 UK jobs redundant.     Most of the jobs are being cut from its steel bar-making plant in Rotherham, South Yorkshire, which has been underperforming  because of [...]

  • The UK’s first national steel strike in 30 years could happen this month after Unite schedules Tata Steel action for June 22

    June 8, 2015

    The UK is facing its first national steel strike for 30 years, after union members voted for action against Tata Steel.    Unite the union announced today the strike – agreed last week – would go ahead on June 22.    It is part of an ongoing dispute over pensions, with the manufacturer telling workers [...]

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