Tata Steel: Plans submitted for new electric arc furnace in Port Talbot Politics Tata Steel has submitted a planning application for a new electric arc furnace at its Port Talbot plant. The Indian steel manufacturer wants to build the new state of the art furnace after it closed its blast furnaces in September, cutting 2,000 jobs. Tata says the move would be a “significant step in the company’s [...]
Italian firms Leonardo and Marcegaglia to invest £485m in Britain, Starmer reveals Politics Two Italian companies Leonardo and Marcegaglia are set to invest £485m into the UK, Sir Keir Starmer has announced. The news came during a joint press conference in Rome with the Prime Minister of Italy, Georgia Meloni, as part of Sir Keir’s trip to strengthen ties on migration, trade and defence. Aerospace firm Leonardo will [...]
Steel group warns Labour’s industrial strategy must ‘go much further’ amid UK exit threat Business ArcellorMittal has threatened to quit the UK over a protracted dispute surrounding the redevelopment of a commercial port in south-East England.
UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Green energy plans could reduce costs for UK steelmakers, industry says August 20, 2024 Plans for the UK to become a green energy superpower could help reduce costs for British steelmaking, a supplier has said. Prime Minister Sir Keir Starmer visited a wind farm near Carmarthen, west Wales, today as part of a trip to promote his ambition for renewable power through setting up GB Energy. The public company [...]
Tata Steel: Ministers pledge £13.5m to protect jobs as ‘all options on the table’ August 15, 2024 The government has pledged £13.5m to help workers amid Tata Steel job losses, as a minister vowed “all options are on the table”. Funding will go to supporting supply chain businesses and workers affected by job losses in connection with the Indian-owned manufacturer changing its production systems. Tata is switching to a greener form of [...]
Tata Steel: Labour will ‘make sure’ job guarantees a part of Port Talbot deal July 7, 2024 Tata has closed one of two massive blast furnaces at Port Talbot and has plans to shut down the second in September.
Severfield sees sales dip despite major acquisition and high demand for structural steel June 19, 2024 Structural steel producer Severfield has seen a dip in its sales despite reporting a record order book in its key markets as the demand for steel in major infrastructure projects continues to boom.
Tata Steel: Labour demands urgent support for workers facing redundancies May 21, 2024 Labour is calling for the government to take urgent action to cover thousands of workers facing redundancy at the country’s biggest steel plant.
Severfield launches buyback as booming steel demand in UK and Europe powers record backlog April 17, 2024 The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.