News
Steel bosses warn ‘back door’ loophole in UK trade rules could lead to job cuts and closures
3+ day, 9+ hour ago (802+ words) New measures will protect Tata and British Steel but allow foreign pre-made parts into the UK, say industry bosses Steel bosses have warned ministers that a "back door" in new trade rules could hit British manufacturers and lead to job…...
British Steel on track to be fully nationalised within weeks
4+ day, 6+ hour ago (561+ words) UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say British Steel is on track to be fully nationalised within weeks, the Guardian understands, a year after the government took…...
HS2 firm says new steel tariffs will ‘exacerbate’ cost pressures for UK construction industry
1+ week, 4+ day ago (721+ words) Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete prices One of HS2s biggest contractors has warned the government that raising tariffs on foreign steel imports will "exacerbate" cost pressures…...
UK to double steel tariffs to 50% to save plants from collapse
2+ week, 1+ day ago (583+ words) Business secretary announces new "steel safeguards" during visit to Tata"s Port Talbot plant The UK is to double tariffs on Chinese and other foreign steel in a bid to save its remaining plants from collapse. The new "steel safeguards…...
Boost to British Steel as Turkey places high-speed rail order
1+ mon, 2+ week ago (460+ words) Eight-figure agreement" made to supply new line between Ankara and "zmir " but questions over plant"s future remain British Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey,…...
Trump ‘plans to roll back’ some metal tariffs; US inflation weaker than expected in January - business live
1+ mon, 2+ week ago (1784+ words) The Guardian's expert news coverage is funded by people like you, not a billionaire owner. Readers who choose an All-access digital subscription make the most impact and enjoy great benefits in return. Will you join them today? Time to wrap…...
Trump ‘plans to roll back’ some metal tariffs; NatWest hands bankers £495m bonus pot – business live
1+ mon, 2+ week ago (837+ words) This was Thwaite's response: The price of aluminium has slipped this morning as investors digest reports that Donald Trump could roll back some tariffs on aluminium and metal goods. The contract on the Shanghai Futures Exchange dropped 1.76% to close daytime…...
‘We need to accept the cost’: future of British Steel unclear as bills for government build up
1+ mon, 3+ week ago (986+ words) Propping up operations at Scunthorpe site, still legally owned by Jingye, now costs over "1.2m a day " so what are the options? British Steel was losing "700,000 a day last year when its Chinese owner announced plans to shut the steelworks at…...
UK expected to reduce amount of steel it allows in tariff-free
2+ mon, 1+ week ago (686+ words) Change being considered amid global glut driven by supplies from China along with a rise in protectionism The UK is expected to reduce the amount of foreign steel it allows in tariff-free, as the government looks to protect its domestic…...
UK investor Michael Flacks ‘very interested in British Steel takeover’
2+ mon, 1+ day ago (524+ words) Businessman, who says he is a "big, bullish believer, would combine Scunthorpe steelworks with Italian plant The British investor Michael Flacks is reportedly "very" interested in buying British Steel and combining it with another plant in Italy, in a deal…...