United Kingdom steel industry news.

Britain in talks with Tata Steel over $629 million aid package
Sat, 02 Sep 2023 00:00:00 GMT
The British government is reportedly in discussions with Tata Steel to provide 500 million ($629 million) in funding for the Port Talbot steelworks. This funding would be alongside $881 million from Tata Steel's parent company in India and a commitment to build electric arc


Steel industry body calls on UK to act immediately on hot-rolled ...
Sat, 29 Jul 2023 00:00:00 GMT
Discontent is mounting among UK hot-rolled coil importers against UK steel producer Tata Steel as the steel mill is importing significan't volumes of Indian HRC to supply its own production, filling up UK import quotas. Market participants told S&P Global Commodity Insights July 27 that industry body International Steel Trade Association is preparing a letter to the UK government calling for a resolution of the issue. Sources familiar with the matter said the letter states that the mill


Liberty Steel wins tender to buy Hungary's Dunaferr steelworks
Wed, 12 Jul 2023 00:00:00 GMT
Liberty Steel has won a tender to purchase Hungary-based flat steel producer Dunaferr, the UK-based company told Fastmarkets on Tuesday July 11.Liberty Steel and Vulcan Steel, a private company registered in Mauritius, were the two main bidders for Dunaferr, industry sources told Fastmarkets. Liberty won with a bid of 55 million ($60.35 million), submitted


Steelmakers in the dark over UK decarbonisation plan
Fri, 07 Jul 2023 00:00:00 GMT
Fears that the steel industry remains in the dark about the UKs decarbonisation strategy have been voiced days after steelworkers marched to the Houses of Parliament to raise concerns about the sectors future. Industry body UK Steel has called for the introduction of a robust Carbon Border Adjustment Mechanism (CBAM) after the UK government published an update to the UK Emissions Trading Scheme (UK ETS) this week. In June, UK Steel suggested almost 23 million tonnes of non-EU steel could


Tata Steel UK delivers its first low-carbon shipment to Boecker ...
Fri, 30 Jun 2023 00:00:00 GMT
Tata Steel UK delivered its first low-carbon shipment to infrastructure supplier Boecker Stahl-Service, part of Niedax Group in Schwerte, the UKs biggeststeelmakersaid June 29. Tata Steel UK delivered 22 mt of low-carbon hot-dipped galvanized coil to Boecker Stahl-Service that it will use to produce cable tray systems, which are used in infrastructure projects with


UK extends Ukraine HR flats tariff exemption
Thu, 01 Jun 2023 00:00:00 GMT
The UK government has decided to extend the suspension of trade remedy measures on hot rolled flat and coil steel imports from Ukraine, according to the UK Trade Remedies Authority (TRA). The suspension of anti-dumping measures on certain Ukraine-origin hot-rolled flat products is now valid for a further 12 months until 30 May 2024,Kallanishnotes.


Liberty Steel unit awarded two North Sea pipe contracts by Subsea7
Wed, 24 May 2023 00:00:00 GMT
Liberty Pipes Hartlepool, a subsidiary of UK-based Liberty Steel Group, has been awarded two contracts by engineering company Subsea7 to provide pipes for the Yggdrasil and Valhall PWP-Fenris offshore field projects in the North Sea. The steelmaker will supply 16.6 km of longitudinally submerged arc welded (LSAW) pipe for the contracts, with work set


UK energy policy needs accelerating: UK Steel
Mon, 15 May 2023 00:00:00 GMT
Trade associationUK Steel has reiterated that measures to boost competitiveness need accelerating as high energy prices and weakdemand are takingan enormoustollon the steel industry. UK steel production in 2022 was 6 million tonnes, down 17% on-year to the lowest level since the Great Depression. Steel trade activity reduced both in the UK and globally


UK's TRA finds increased developing country threshold overstepping
Tue, 18 Apr 2023 00:00:00 GMT
The Trade Remedies Authority (TRA) has published its initial conclusions in a Tariff Rate Quota (TRQ) review on steel imports from developing countries in categories which are subject to the UK steel safeguard measure, Kallanish notes. The authority found the 3% import share threshold for the developing country exception was exceeded in 37 instances


UK govt offers to sweeten package for Tata Steel UK
Thu, 06 Apr 2023 00:00:00 GMT
Tata Steel has been requesting fiscal aid from the UK government and has conveyed its stance to the UK that it cannot move forward with its British growth plan based on the government's previous offer. The steelmaker is seeking half of the capital costs pegged at 1-2 billion from the UK government as it doesn't see the business justifying such a large


Barrett Steel acquires Aartee Bright Bar
Tue, 28 Mar 2023 00:00:00 GMT
Aartee Bright Bar (ABB) administrators Alvarez & Marsal Europe have sold the insolvent UK engineering steel distributor to Barrett Steel Limited for 13 million ($16m). The acquisition encompasses Aartee Bright Bar Limiteds distribution business, located in Rugby, Bolton, Newport and Southampton, and its Bright Bar business operating out of Willenhall, as well as Aartee


Union criticises UK budget lack of steel support
Wed, 22 Mar 2023 00:00:00 GMT
The Unite Union has expressed its disappointment over the recent UK budget announcement not containing more support for the steel industry, calling on Prime Minister Rishi Sunak to ensure the sectors competitiveness. This comes as reports circulated of Tata Steel UK potentially closing a blast furnace at Port Talbot in July. Last July, Tata



Number of UK steel industry news reports: 12
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