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...positive future for steel production....
...UK Steel....
...Chancellor Jeremy Hunt is poised to sign off a support package for British Steel and Tata Steel UK worth over half a billion pounds in a move that will be tied to Britain’s two biggest steel manufacturers...
...Community, the steel union, criticised Tata’s decision as a “bad deal for steel”....
...“The link between Labour and the law is forged in steel,” she will say, pointing out that as well as Starmer, the party has a number of lawyers as leaders in the past, including Clement Attlee and Sir Tony...
...Last September, the government agreed a £500mn grant with Tata Steel to help it switch to greener forms of steelmaking....
...’s steel industry....
...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....
...The writer is senior adviser, Sequoia Heritage Now that Sir Jim Ratcliffe’s purchase of a minority stake in Manchester United has been sanctioned by the Premier League, he will be unlike any previous owner...
...The plan includes a £7.3bn “national wealth fund” to support various industries, such as steel and automotives, as they transition to greener sources....
...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...
...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....
...Tata Steel is preparing to confirm that up to 3,000 steelworks jobs could be lost as part of a restructuring of its UK operations, in what would be a devastating blow to its Port Talbot plant in Wales....
...Rishi Sunak promised in September that a taxpayer subsidy of £500mn for Tata Steel would “safeguard thousands of jobs” at the totemic site in south Wales....
...“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....
...,” said Gareth Stace, director-general of UK Steel....
...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....
...invest in renewable power, a £6bn-a-year insulation programme for homes and a “sovereign wealth fund” to oversee the decarbonisation of British industries through measures such as extra funding for green steel...
...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....
...Smith Jim Davidson...
...Tata Steel said it remained in discussions with the UK government over a “framework for continuity and decarbonisation of steel making in the UK”....
...However, traditional aluminium conductor steel reinforced cable lines are heavy and the thick steel support limits the volume of aluminium wires, which are responsible for transmission capacity....
...That sovereign wealth fund would spend £2bn on eight gigafactories, £3bn for six clean steel plants and £1bn to set up net zero industrial clusters....
...The Araguaia nickel mine in Paras state in northern Brazil aimed to produce 29,000 tonnes of nickel per year for the stainless steel industry — a small project compared with the huge industrial complexes...
...On Wednesday he vowed to keep US Steel in American ownership, and called for higher tariffs on Chinese steel and aluminium imports in a bid to shore up support with unions....
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