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Britain's Liberty Steel firms up offer for Thyssenkrupp steel ...
Mon, 25 Jan 2021 14:16:06 GMT
FRANKFURT Reuters - Britain's Liberty Steel, Europe's fourth-largest steelmaker, on Monday said it has submitted an updated offer for the steel division of Germany's Thyssenkrupp (DE:TKAG).

Liberty submits firm bid for ThyssenKrupp Steel Europe
Mon, 25 Jan 2021 00:00:00 GMT
UK-based steelmaker Liberty Steel will submit its firm bid for ThyssenKrupp Steel Europe today, sources close to the situation said. The bid values the lossmaking unit at several billion euros, and follows the non-binding indicative offer it made a few months ago. Investment bank Jefferies has valued the unit at around 1bn. Should Liberty

ISTA petitions UK over Northern Irish steel tariffs
Fri, 15 Jan 2021 00:00:00 GMT
The International Steel Trade Association (ISTA) has written to UK cabinet member Michael Gove suggesting the 25pc import duty on non-European/UK steel into Northern Ireland is grossly unfair and puts its members at a disadvantage to European producers and traders. The association also said it goes against the idea of a level playing field

EU steel can access Northern Ireland without duty
Fri, 15 Jan 2021 00:00:00 GMT
European steel can be imported into Northern Ireland without paying a 25pc duty, the UK government has said. There will be no quota or duty for European steel, meaning it will have unfettered access to the country, contrary to previous advice from UK government agencies. Material from the rest of the world will still

Bull Moose Tube completes upgrades at two largest facilities
Tue, 12 Jan 2021 11:45:00 GMT
Welded steel tubing provider Bull Moose Tube Co., a Caparo Bull Moose subsidiary, has announced the completion of major capital investment projects at its two largest tubular facilities in Elkhart, Ind., and Trenton, Ga. The multimillion-dollar investments include upgrades to the drive

Liberty subsidiary takes over Polish plate mill lease
Wed, 30 Dec 2020 00:00:00 GMT
Liberty Steel has, through subsidiary Corween Investments, taken over the lease of Huta Czestochowa (HCz) and plans to participate in next months tender to buy the Polish plate mill. The subsidiary will soon be renamed to Liberty Czestochowa. Corween Investments (to be renamed LIBERTY Czstochowa) can confirm that it has taken over the current

Liberty Steel to start due diligence on Thyssenkrupp steel business
Wed, 02 Dec 2020 16:21:55 GMT
LONDON Reuters - Liberty Steel, which last month announced a non-binding indicative offer for Thyssenkrupp (DE:TKAG) Steel Europe, will soon start looking into its financial records, it said

Liberty Liege-Dudelange supply disruption causing steel shipment ...
Fri, 27 Nov 2020 00:00:00 GMT
The Liberty Steel Group is experiencing supply disruption at its Liege and Dudelange mill sites in Belgium, affecting shipments to customers, Liberty confirmed to S&P Global Platts Nov 26. Continuing COVID-19 and commercial related supply disruptions have temporarily impacted shipments from Liberty Lige-Dudelange, a Liberty spokesperson said. We apologise to any customers impacted by

British Steel set to increase production, eyes UK infrastructure ...
Fri, 27 Nov 2020 00:00:00 GMT
UK-based integrated steelmaker British Steel is embarking on a recruitment drive to support increased production at its operations in Scunthorpe and Teesside, the company said Nov. 26. The company, with a crude steel capacity of about 3 million mt/year gave no tonnage details on the production boost. However, it had said in September that

Tata Steel: CEO calls for UK government funding help
Fri, 20 Nov 2020 00:00:00 GMT
Tata Steel needs substantive and permanent financial support to keep its UK operations running, its boss has said. TV Narendran told Indian business website Money Control its UK operations were within sight of being self-sustainable. It comes after the companys former head of strategy said Tata has to find a way out of its UK steel operation. The UK government said it would continue to work with Tata. The Indian steel giant plans to sell its Netherlands-based operations, which raised

Due diligence for Netherlands business sale to complete in next ...
Tue, 17 Nov 2020 00:00:00 GMT
The company has also initiated the process to separate Tata Steel Netherlands and Tata Steel UK and will pursue separate strategic paths for both the businesses in the

Tata to separate European units, enters SSAB talks for Dutch ...
Mon, 16 Nov 2020 00:00:00 GMT
Steelmaker Tata Steel will separate its UK and Dutch units as it has entered talks to sell the Dutch IJmuiden mill and downstream assets to Swedish steelmaker SSAB, Tata Steel said Nov. 13. According to Tata Steel, the takeover talks were initiated by SSAB. Discussions with the Supervisory Board and Board of Management of

Number of UK steel industry news reports: 12
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United Kingdom steel industry headlines and news reports.