British Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the short-term future of the Scunthorpe steelworks. The company will forge more than 337,000 tonnes of track, securing thousands of jobs, two months after the government used emergency powers to prevent the...
WEST MIFFLIN, Pennsylvania — Flanked by a sea of steelworkers dressed in their orange safety jackets and hard hats, President Donald Trump was given a hero’s welcome at the Mon Valley Irvin Works to mark the signing of the U.S. Steel-Nippon Steel deal, the largest investment in state history. ...
The UK has been spared from US President Donald Trump’s executive order doubling steel and aluminium tariffs from 25% to 50%. The order signed by Trump on Tuesday evening raises import taxes for US firms buying from other countries – but the levy remains at 25% for the UK. The UK and US tariff pact...
Getty Images US President Donald Trump has signed an order doubling tariffs on steel and aluminium imports from 25% to 50%. The move hikes import taxes on the metals – key inputs in everything from cars to canned food – for the second time since March. Trump has said the measures, which come into effect...
The EU has said it “strongly” regrets Donald Trump’s surprise plan to double US tariffs on steel and aluminium in a move that risks throwing bilateral trade talks into chaos. On Friday, the US president told a rally in the steel-making city of Pittsburgh that the tariffs would rise from 25% to 50%, claiming this...
WEST MIFFLIN, Pennsylvania — Local steelworkers, community leaders and economic experts said President Donald Trump’s announcement Friday that a deal was struck between U.S. Steel and Nippon Steel will go down in American history as the most enduring economic “big, beautiful deal” the 47th president has made. ...
President Donald Trump has announced the US will double its current tariff rate on steel imports from 25% to 50%. Speaking at a rally in Pittsburgh, Pennsylvania, Trump said the move would help boost the local steel industry and the national output, while decreasing reliance on China. Trump also said that $14bn would be invested...
United Steelworkers President David McCall called the move “a disaster for American Steelworkers.” President Donald Trump on Friday signaled broad approval for Japanese steel giant Nippon’s bid to purchase U.S. Steel, a reversal of his campaign-trail opposition to the merger that came a day after the United Steelworkers union implored the president to uphold his...
A consultation which had put 2,700 jobs at risk at British Steel will not continue, it has been confirmed. The company, which is now under government control, has withdrawn the paperwork submitted to the Department of Business and Trade by its previous management in March. Officials said the move was part of ongoing efforts to...
Lib Dem Wera Hobhouse is in the studio. Read full article at source...
The business secretary has refused to confirm if the government can get the sufficient raw material supplies in time to keep the blast furnaces at British Steel running, after it took control of the Chinese-owned plant. Emergency legislation was rushed through Parliament on Saturday to prevent owners Jingye shutting down its two blast furnaces in...
PA Media The prime minister met steelworkers in Lincolnshire shortly after the hearing in House of Commons There was a moment where all they could do was wait. Government officials were holed up in a Premier Inn down the road from British Steel’s steelworks in Scunthorpe and parliament’s work to change the law to allow...
“Ring of steel” is how the Sunday Mirror characterises an emergency law passed on Saturday giving the UK government control of British Steel’s Scunthorpe plant, and saving it from closure. The move, which appears on several front pages is branded “history-making” by the paper. In other news, Queen Camilla says King Charles III will not...
Brian Wheeler Political reporter House of Commons The UK government is taking control of Chinese-owned British Steel after emergency legislation was rushed through Parliament in a single day. Business Secretary Jonathan Reynolds told MPs the government’s likely next step would be to nationalise the Scunthorpe plant, which employs 2,700 people. But he said he was...
Kevin Shoesmith/BBC Steelworkers and their families make their voices heard in Scunthorpe on Saturday While MPs were being recalled to Westminster to pass a bill designed to keep British Steel going in Scunthorpe – and save 2,700 jobs – hundreds of those directly affected took to the streets to make their feelings known. BBC News...