Search Results
  • Steel Crisis: Wales’ First Minister Blames UK Government For High Energy Costs

    • Date: 07/01/20
    • BBC News
    Read more

    The UK government must take responsibility and act on Tata Steel’s concerns over high energy prices, First Minister Mark Drakeford has said. He was responding after Natarajan Chandrasekaran, chairman of the Tata Sons group which owns the steelworks in Port Talbot, said the plant needed to be “self-sustaining”. Mr Drakeford said other counties allowed firms to pay less […]

  • Europe’s Green Suicide: Tata Steel To Cut 3,000 Jobs as Crisis Rips Through EU

    • Date: 19/11/19
    • Bloomberg
    Read more

    Tata Steel Ltd. plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K. About two-thirds of the reductions would be office-based staff, the company said in a statement. While […]

  • Sir Jim Ratcliffe: UK Needs To Show Its Steel In Manufacturing

    • Date: 18/06/19
    • Sir Jim Ratcliffe, Daily Express
    Read more

    It is a sad state of affairs when Britain announces the closure of yet another keystone manufacturing business. Steel is part of our everyday lives but, from now on, we will need to buy most of it in from abroad. It’s such a change from the mid-Sixties when the UK was the fourth biggest steel […]

  • Costly Climate Policies Threaten To Kill Europe’s Steel Industry

    • Date: 28/05/19
    • Steel Guru
    Read more

    European steel industry calls on policymakers to end steel crisis and to save hundreds of thousands of jobs Against the backdrop of the EU elections the European Steel Association calls for urgent action by EU policy makers to help the sector as it faces down the flood of steel exports deflected to the EU because […]

  • SOS: Steel Makers Blame Tory Government For Uncompetitive Energy Prices

    • Date: 28/05/19
    • The Daily Telegraph
    Read more

    Steel makers are calling on the Government to deliver on promises of “remorseless” support for the sector by cutting power prices for the energy-intensive industry. The demands come as 25,000 jobs hang in the balance with British Steel last week being placed in compulsory liquidation and put in the hands of the Official Receiver. Energy costs faced […]

  • Carbon Tax Madness: ArcelorMittal To Cut European Steel Output

    • Date: 06/05/19
    • Argus News
    Read more

    Only steel produced in Europe is subject to a carbon levy under the EU’s Emissions Trading System. The price of carbon has increased by around 230pc since the start of 2018, ArcelorMittal said. Luxembourg-based steel producer ArcelorMittal will temporarily reduce its European steel output by 3mn t/yr because of weak demand. The company will temporarily […]

  • China Axes Coal and Steel Curbs As Economy Slows

    • Date: 02/10/18
    • Financial Times
    Read more

    China shifts focus from air quality to boosting growth as trade war bites. Beijing will not renew significant cuts on steel production and coal use aimed at improving air quality this winter, as policymakers look to boost China’s economic performance in the midst of the country’s trade war with the US. The curbs — a […]

  • EU Climate Policy Threatens To Destroy What Is Left Of Europe’s Steel Industry

    • Date: 29/05/17
    • Reuters
    Read more

    Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS) post-2020, agreed in outline by the European […]

Back to top More articles:

We use cookies to help give you the best experience on our website. By continuing without changing your cookie settings, we assume you agree to this. Please read our privacy policy to find out more.