The French government is preparing to initiate legal proceedings against British private equity firm Greybull Capital following accusations that it failed to honour significant investment pledges for the struggling steel
All posts tagged in steel industry
26Articles
The European steel industry is sounding the alarm once more as the United States government widens the application of punitive import tariffs under the Trump administration. With the current rate
The UK steel industry faces a grave threat as the European Union considers drastic changes to its import regime, which could deal a devastating blow to British manufacturers. Officials 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 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.
In a landmark transaction finalised on Wednesday, Nippon Steel successfully acquired US Steel for $14.9 billion, marking a significant shift in the global steel manufacturing landscape. The deal’s completion follows
Germany’s steel titans are forging ahead with ambitious plans to decarbonise their operations, setting a precedent for industrial transformation across Europe. At the heart of this revolution lies Benteler, a
British Steel, the country’s last operational blast furnace, is caught in an escalating standoff between its Chinese owners, Jingye, and the UK government. The disagreement centres on a compensation demand
The United States has officially doubled tariffs on foreign steel and aluminium to 50 per cent, following President Donald Trump’s announcement to bolster the American steel industry. This controversial move,
The UK government is reportedly exploring new legislation to erase nearly £1bn in debt accumulated by British Steel, a move aimed at making the company more attractive to prospective buyers.
British manufacturers and exporters have expressed optimism following the announcement of a breakthrough trade deal between the United Kingdom and the United States. The agreement, confirmed on 8 May 2025,
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 dramatic scenes unfolding in Britain’s steel sector paint a stark picture of industrial decline, with rising energy costs at the heart of the crisis. The closures of Port Talbot
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
British Steel has announced the potential closure of its two blast furnaces at the Scunthorpe site, a move that could result in the loss of up to 2700 jobs. The
- 1
- 2
