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Gupta pays USD 25 million to end long-running spat with Rio Tinto
Fri, 30 Jul 2021 22:35:00 GMT
Sanjeev Gupta has paid USD 25 million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in

Hambro Leaves Sanjeev Gupta's GFG After Clash on Aluminum Deal
Mon, 26 Jul 2021 21:15:00 GMT
Jay Hambro, chief investment officer at Sanjeev Gupta's GFG Alliance, is leaving the group after falling out with his boss over the sale of its aluminum assets, according to people familiar with the

Calculation of MMK Group's greenhouse gas emissions is confirmed ...
Wed, 21 Jul 2021 00:00:00 GMT
The auditing company BSI (Great Britain) has issued a conclusion confirming MMK Group's quantitative assessment of its greenhouse gas

Questions pile up for Gupta after 'deeply discourteous' inquiry ...
Wed, 14 Jul 2021 18:30:00 GMT
MPs on the parliamentary business committee have written to steel tycoon Sanjeev Gupta criticising his 'deeply discourteous' decision not to appear before an enquiry into embattled Liberty

Greensill Capital paid David Cameron salary of over $1 million ...
Mon, 12 Jul 2021 21:00:00 GMT
Collapsed finance group Greensill Capital paid a salary of more than $1 million a year to former British Prime Minister David Cameron, the Financial Times - reported on Monday, citing people familiar with the

Gupta inks $450m lifeline deal with Glencore and Trafigura to ...
Fri, 09 Jul 2021 19:00:00 GMT
Metals magnate Sanjeev Gupta's GFG Alliance has reportedly struck a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from looming

Sanjeev Gupta confirms financing of 'prospective' invoices
Wed, 07 Jul 2021 18:00:00 GMT
GFG Alliance boss Sanjeev Gupta has told a British parliamentary inquiry that some of his financing arrangements with Greensill Capital were based on invoices that were expected to be generated in the future, and that most of his businesses have been hurt

Gupta turns to Glencore for finance
Sat, 03 Jul 2021 13:00:00 GMT
Sanjeev Gupta's GFG Alliance is again pursuing a deal with Glencore to refinance his European aluminium business, which includes Europe's largest aluminium smelter at Dunkirk. An agreement to forward-sell aluminium production to the commodities group could enable Gupta's embattled conglomerate to avoid selling its aluminium assets

UK to extend quotas and tariffs on most steel imports
Fri, 02 Jul 2021 00:00:00 GMT
Britain said it would introduce new regulations to help defend its steel industry after accepting a recommendation from its newly established Trade Remedies Authority to scrap some quotas on imports. Trade minister Liz Truss said the government only had the option of accepting or rejecting the recommendations in full, which said quotas and tariffs should be retained for 10 categories of steel for three years, and revoked in nine others. However the minister said the government would now

British Steel offers new weathering steel sections
Fri, 02 Jul 2021 00:00:00 GMT
British Steel has started offering weathering steel structural sections for the construction market. The steel is produced at its Scunthorpe works and then rolled into sections at its Teesside Beam Mill. The steelmaker says weathering steel, thanks to its durability, is ideal for outdoor structures in exposed locations, including bridges, buildings and catenary gantries

Tata Europe units developing separately, EAFs still considered
Fri, 25 Jun 2021 00:00:00 GMT
Tata Steel Europe is ploughing ahead with the separation of its Netherlands and UK operations into distinct units to allow them to develop differently according to the conditions of each country, says Tata Steel Europe chief executive Henrik Adam. The firm is still considering electric arc furnaces for its Port Talbot works, but a

GFG Alliance advisory board has only met three times since October
Tue, 22 Jun 2021 20:00:00 GMT
An 'advisory board' appointed by Sanjeev Gupta to address governance concerns in his metals empire has only met three times since October for sessions that lasted about half an hour, one of its members said on

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