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It’s time to stop kicking the steel industry can down the road
11+ mon, 2+ week ago (231+ words) Keeping Anne and Bess going has been an expensive enterprise for taxpayers. Following the collapse of British Steel in 2019, hundreds of millions in public funds were pumped into the business and its two remaining blast furnaces at Scunthorpe, named after…...
Ministers plan £2bn, taxpayer-backed mill at British Steel works
1+ week, 6+ day ago (542+ words) The UK is weighing plans to build a "2 billion plate mill at British Steel's works in Scunthorpe to satisfy increased demand from the defence and renewable energy sectors." Proposals include constructing a brownfield plate mill at the Lincolnshire works, which…...
British Steel’s Scunthorpe plant can run on electricity for £2bn
11+ mon, 1+ week ago (699+ words) The blast furnaces at British Steel's plant in Scunthorpe can be replaced with more financially viable and "cleaner electric arc furnaces, provided the taxpayer or an investor is "prepared to stump up about "2 billion. That is the estimate for converting…...
Blow for British jobs as Labour ‘replicates EU steel tariffs’
3+ week, 12+ hour ago (306+ words) The UK is poised to replicate the EU's import tariffs on steel in a blow to the mills, fabricators and traders that support 300,000 British jobs." Whitehall officials are understood to have told bosses to be "prepared to be disappointed" by…...
Tata Steel mothball threat puts 3,000 jobs on the line
1+ mon, 3+ week ago (674+ words) Britain's biggest steel manufacturer is threatening to mothball its mills as the UK becomes a global "dumping ground" for cheap imports. The Indian-owned Tata Steel is drawing up cost-cutting plans under which production could be suspended up and down the…...
Britain’s exporters at a loss over US tariff turmoil
11+ mon, 3+ week ago (981+ words) April is akin to Christmas for Mark Stewart. The founder of Stewart Golf, a Gloucester-based golf-buggy manufacturer, has been spending the past few days tuned into the Masters, watching the tournament play out on the clipped fairways of Georgia in…...
Landmark trade deal with Britain could go off the rails, warn US officials
5+ mon, 1+ week ago (785+ words) US trade officials are privately warning that the landmark deal with Britain is "in danger of going off the rails" after talks to formalise the agreement became bogged down in a stand-off over details. The UK-US Economic Prosperity Deal was…...
UK steel industry feeling the heat from threat of EU tariffs
5+ mon, 3+ week ago (1350+ words) Tucked away on the outskirts of Sheffield lies one of the city's last remaining steelworks. Marcegaglia, an Italian industrial group, took over the stainless steel factory in early 2023, a century after the material was created by Harry Brearley. His portrait…...
British Steel to be ‘left in limbo’ as Chinese pursue £1bn payout
9+ mon, 3+ week ago (867+ words) The Chinese owner of British Steel is in an entrenched stand-off with ministers over a more than "1 billion compensation claim that risks leaving the UK's only "virgin" steelmaker in limbo for the rest of the year. Battlelines have been drawn…...
‘Green hydrogen’ furnaces could be future of steel, says minister
11+ mon, 2+ week ago (485+ words) The blast furnaces at the Scunthorpe steelworks could be converted to use hydrogen to make "green steel, the industry minister has said. Sarah Jones told Times Radio on Tuesday that the government was "looking at" using hydrogen to make direct…...