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UK Steel Industry News

British government to rope in investment bankers to save Tata ...
Mon, 07 Sep 2020 00:00:00 GMT
A British news channel reported that investment banker, Credit Suisse has been asked by the Treasury to advise on talks with Tata Steel. The news channel also mentioned that ministers had drafted in McKinsey, the management consultants, to draw up a blueprint for the future of the UK's wider steel

UK funds question Rio Tinto bosses over 'systemic' cave blast ...
Fri, 04 Sep 2020 00:00:00 GMT
A leading British pension group has added weight to demands for greater accountability over Rio Tinto's blasting of two ancient Aboriginal rock

Tata Steel continues UK government talks, withholds specifics
Tue, 18 Aug 2020 00:00:00 GMT
Tata Steel says it remains in talks with the UK government on receiving support for Port Talbot but declined to comment on specifics. This follows media reports suggesting the steelmaker had ended talks with the UK government on receiving close to 500 million ($655m) of funding through the Project Birch scheme. A Tata Steel

Henan Jiyuan I&S Orders Danieli EWR to Upgrade Bar Mill
Fri, 31 Jul 2020 01:10:00 GMT
Henan Jiyuan I&S in China contracted Danieli to upgrade its 150-tph rebar mill with Endless Welding Rolling technology. With the addition of a new K-Weld machine, billets will be joined at mill

UK BHP case key to justice: Brazil mayors
Mon, 27 Jul 2020 13:00:43 GMT
BHP says a UK lawsuit against the mining giant should be suspended as it duplicates Brazilian proceedings and that victims of a burst dam will receive

Unions oppose Tata Steel plan to shut 2 blast furnaces in United ...
Thu, 23 Jul 2020 00:00:00 GMT
A spokesperson for Tata Steel Europe told ET the company is in active discussion with the UK government on several options for the future of Port Talbot operations. This includes potential cooperation and participation from the government to create a sustainable, decarbonised footprint for the

Tata Steel, UK government discuss decarbonisation options
Tue, 21 Jul 2020 00:00:00 GMT
Tata Steel Europe confirms it is actively discussing with the UK government several options for the future of its UK operations, to address existing structural challenges. One of these is understood to be the possible replacement of the blast furnaces at Port Talbot with electric arc furnaces. UK press has in recent weeks reported

Hunan Valin Xiangtan Orders BOF Sublance System from Danieli ...
Mon, 13 Jul 2020 00:59:00 GMT
Danieli Corus and Hunan Valin Xiangtan Iron & Steel have signed a contract for the design and supply of a sublance system with static dynamic BOF process control model. The system will be

Moody's investor service confirms Tata Steel's Ba2 rating outlook ...
Mon, 13 Jul 2020 00:00:00 GMT
The rating agency has also changed its outlook on Tata Steel UK Holdings Limited to negative from ratings under review and has withdrawn the B3 corporate family ratings for its own business

Celsa UK secures government loan to continue trading
Mon, 06 Jul 2020 00:00:00 GMT
The UK government has provided an emergency loan to Celsa Steel (UK) Ltd to allow the company to continue trading. The agreement safeguards over 1,000 jobs, including more than 800 positions at the companys main sites in South Wales. As part of the loan, which is expected to be repaid in full, the company

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United Kingdom steel industry news reports.