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...positive future for steel production....
...British steel traders have warned that Tata Steel UK, which won £500mn in government aid, risks distorting the domestic market in a key steel product by hoovering up a trade quota for lower-cost imports....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...They refuse to pick up the phone, they refuse to reply to the mails,” he said, adding that Gupta’s Liberty Steel group recently bought the Dunaferr steel mill in Hungary while debts to suppliers have remained...
...The government has since offered Tata Steel UK and British Steel, Britain’s second-largest producer, about £300mn each in aid....
...Community, the steel union, criticised Tata’s decision as a “bad deal for steel”....
...In taking on this mega-deal, BHP has signalled not only its determination to shift its portfolio decisively away from steel-making commodities such as iron ore — but also its belief that the era of the mining...
...“Other EU countries are transitioning their steel industries while retaining and growing their capacity because they know steel has a bright future — a tenfold increase in demand is predicted in the coming...
...Last September, the government agreed a £500mn grant with Tata Steel to help it switch to greener forms of steelmaking....
...’s steel industry....
...JSW said it aimed to bring down the cost of MG’s EVs by supplying its own steel, in addition to batteries, and carrying out more research and development in India....
...“Port Talbot is known as a steel village — it’s the steel town,” added Gutteridge, whose family have worked in steel making for three generations. “This is where people have the passion for this....
...Steel production in the UK has fallen from 24mn tonnes in 1971 to about 6mn tonnes today. The sector employs just under 40,000, according to trade body UK Steel....
...Capitalism reins in the sale of US Steel In August, Cleveland-Cliffs wrapped its unsolicited bid for US Steel in an American flag....
...Unions fear up to 2,000 jobs are at risk at British Steel. Tata Steel will invest about £750mn in its UK operations as part of the deal with the government....
...“The plans that British Steel has announced, combined with Tata Steel’s plans, would leave the UK unable to make steel from raw materials and dangerously exposed to international markets,” he added....
...It mirrors a similar announcement last year by British Steel, which will close its last blast furnaces by 2025, leaving the UK as the only major economy without the ability to make primary steel using iron...
...Britain’s steel industry is one of the most difficult and expensive to decarbonise. Tata Steel and British Steel are also facing rising costs and cheaper competition from countries such as China....
...That debate over the oil and gas industry’s future is now set to take place against the backdrop of up to 2,800 job cuts planned at Tata Steel’s steelworks in Port Talbot, Wales, as it moves from blast furnaces...
...Nippon Steel snapped up US Steel for $14.9bn last month. Astellas Pharma bought eye-treatment specialist Iveric Bio in a $5.9bn deal in May....
...Its terms required that PDT hand over 90 per cent of any dues it received, as the statutory harbour authority, from all ships or cargo handled by tenants or occupiers of the Teesworks steel site....
...The Indian-owned company employs about 4,000 workers at Port Talbot, which uses two blast furnaces to turn iron ore and coal into molten iron and steel....
...The Teesworks project is intended to regenerate the vast brownfield site in Redcar that was left behind by the collapse of steel manufacturer SSI in 2015....
...Chinese steel exports have increased over the past two years, as has crude steel production. Residential property market problems do not yet seem to be hitting domestic steel demand....
...The brewers, butchers, local builders, steel-mill magnates, property tycoons and pawnshop operators who were among the earlier generation of football club owners have largely been replaced in recent times...
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