The future of British Steel and the UK steel industry is in jeopardy as government officials consider a merger proposal involving British Steel and part of Speciality Steel UK, a
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Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic
The British steel sector stands at a crossroads as fierce disputes erupt over new import tariffs and quotas, drawing sharp lines between primary manufacturers and downstream users. Recent decisions by
The British chemical industry faces an existential crisis as a leading credit insurer deems the entire sector “very high risk” amid unprecedented rises in energy costs and a surge in
Ministers are poised to intervene in the potential rescue of another major steel facility as Speciality Steel UK (SSUK) faces a critical insolvency hearing next week. Business Secretary Jonathan Reynolds
The British government has announced stringent measures to curb steel imports, implementing a dramatic reduction in growth allowance from 3% to just 0.1% year-on-year. This decisive action, spearheaded by Business
The stark reality of Britain’s escalating electricity crisis is becoming increasingly evident as both industries and households grapple with unprecedented power costs. The situation has reached a critical point where
The UK government is poised to designate British steel production as critical to national security, unveiling plans to secure substantial orders for infrastructure projects including wind farms and rail links.
Britain’s largest producer of carbon dioxide, essential for operating theatres and the food and drink industry, has issued a stark warning of “imminent” closure following the recent US-UK trade agreement.
The Chinese Embassy has launched a scathing attack on UK politicians, accusing them of “arrogance, ignorance and a twisted mindset” amid escalating tensions over the British Steel crisis. The diplomatic
The British government is considering deploying the Royal Navy to escort vital fuel shipments to Scunthorpe’s blast furnaces following Parliament’s historic vote to seize control of British Steel, ensuring its
In a significant development for Scotland’s industrial sector, Labour leader Keir Starmer has unveiled a £200 million funding package aimed at rejuvenating the Grangemouth oil refinery site. The investment, sourced
Britain’s largest chipmaker has urged the government to establish a more competitive landscape through enhanced tax incentives, bringing the nation in line with global competitors in the semiconductor industry. Pragmatic’s
US steel giants Cleveland-Cliffs and Nucor are poised to make a joint bid for US Steel, mere weeks after President Joe Biden vetoed Nippon Steel’s proposed £15bn acquisition on national
British Steel is set to abandon its plans for steelmaking on Teesside, dealing a significant economic blow to northeast England. The Chinese-owned manufacturer had initially proposed constructing a ‘green steel’
Britain faces mounting pressure to establish new mines and enhance its stockpiling capabilities to secure critical minerals supply, according to the nation’s minerals supply watchdog chief. The stark warning comes
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