Government considers green funding for Tata Steel buyer

The government is willing to take a 25% stake in Tata Steel’s operations in the UK and considering providing energy efficiency and environmental support. The Department for Business, Innovation & Skills (BIS) said a package of support “worth hundreds of millions of pounds” will be made available to potential buyers of the crisis-hit company. It […]

Does UK industry need a helping hand?

Steel may be buckling from outside pressures, but UK manufacturing isn’t helpless. States intervene to help industry Governments around the world give their industries a helping hand with all kinds of energy incentives from lower taxes to renewable energy levies and import tariffs. But, as the crisis in the loss-making UK steel industry has illustrated […]

Steel sector crisis ‘due to high UK energy costs’

High energy costs is one of the reasons the British steel industry is facing a crisis. The comment from Conservative MP Peter Lilley follows Indian company Tata Steel’s decision to sell all its businesses in the UK, putting thousands of jobs at risk. Speaking to BBC Radio 5 Live, he said: “Clearly there’s a world problem to the […]

Editorial: Steel yourself energy sector for similarly unpredictable times

The news that TATA has said it can’t keep running its UK steel business has been dominating the headlines. Chinese dumping of cheaper steel has been the main cause for its demise and now we have the prospect of a Tory government actually considering re-nationalising an industry to save it! There are weeks of uncertainty […]

Tata wins approval for power plant at Port Talbot

The UK Government has granted permission for a new power plant to be built at Port Talbot Steelworks. Tata Steel’s project comprises of a gas-fired power station including two new boilers and two new steam turbine sets with a capacity of up to 150MW. It will use gases produced by the steelmaking process to generate […]

Tata Steel cuts 1,200 UK jobs amid high power prices

Tata Steel has confirmed nearly 1,200 jobs will be lost in the UK. It made the announcement today as part of its restructuring plans and proposals to stop production of steel plate. The company confirmed it is cutting around 900 jobs in Scunthorpe in North Lincolnshire and 270 in Scotland. It comes “in response to […]

Tata Steel to axe 720 jobs, blames high UK energy costs

Tata Steel said it will cut up to 720 jobs due to rising electricity costs and a strong pound. The reduction in employees will be mainly at its steel-bar making plant in Rotherham, South Yorkshire. The company, which employs around 80,000 people globally, claims UK electricity prices are “more than double those of key European […]

High UK energy prices a rolling concern for TATA

Indian steelmaker TATA claims it is paying double the price for energy to run its factories in the UK compared with Europe. The manufacturer complained it was under tough pressure on the energy front yesterday as Energy Minister Greg Barker toured its Corby steelworks in Northamptonshire. This isn’t the first time it has raised concerns, […]

Tata axe 115 staff after steel mill is mothballed

Tata Steel has announced a temporary mothballing of a hot strip mill in Newport, South Wales, with immediate effect. The closure will mean 115 members of staff will lose their jobs as a result of “continuing poor UK steel demand amid a deteriorating European economic outlook.” During the financial crisis in 2009 the Llanwern hot […]

Tata invest £7 million in Hartlepool plant

Tata Steel is set to invest £7 million in order to improve productivity and customer service at its Hartlepool. The investment will improve the welding capabilities of two of the company’s Hartlepool mills. The £7m investment will also include new cranes, handling equipment and storage at both mills. Ramsay Ross, a director of Tata Steel’s […]