British Steel: What is at stake? Business Government officials were in a race on Monday to secure the critical supply of materials needed to keep British Steel’s two blast furnaces in Scunthorpe running. The site’s closure would spell the end of the final hub in the UK capable of producing virgin steel, making it the only member of the G7 unable to [...]
British Steel: No10 ‘confident’ it will secure materials to keep plant running Politics The UK government is confident it will beat a race against time to keep the British Steel furnaces running after taking control of the plant from Chinese owners Jingye this weekend. Civil servants and steel workers were rushing to secure the raw materials to keep the Scunthorpe site’s furnaces going – which supply Network Rail [...]
British Steel: ‘All options on table’ over nationalising Scunthorpe, Starmer says Politics The UK is keeping “all options on the table” over the potential nationalisation of the Chinese-owned British Steel plant in Scunthorpe, Sir Keir Starmer has said. The Prime Minister insisted he understood the importance of the plant, which is Britain’s last remaining steelmaker, in a Q&A with the House of Commons Liaison Committee, after its [...]
Port Talbot £1.25bn electric furnace gets green light February 18, 2025 Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional [...]
Tata Steel: Plans submitted for new electric arc furnace in Port Talbot November 7, 2024 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 [...]
Britain’s economy can’t run on industrial nostalgia October 7, 2024 Just because an area like Port Talbot once supported a particular industry like steel, there’s no reason the state must ensure it always does, says Eliot Wilson When the government announced last month that it would give Tata Steel £500m to modernise its facility in Port Talbot, I noticed a revealing remark. The business and [...]
Port Talbot shows what ‘tough decisions’ really look like September 16, 2024 The government’s £500m rescue package for the Port Talbot steelworks is an unsatisfactory trade-off between job losses and industry efficiency, says Eliot Wilson Was it a welcome reprieve or another sad measure of decline? Last week the business and trade secretary, Jonathan Reynolds, announced a revised deal with Tata Steel to provide a £500m subsidy [...]
Steel group warns Labour’s industrial strategy must ‘go much further’ amid UK exit threat September 13, 2024 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 [...]
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 [...]