Category Archives: Steel industry

Unite demands clear targets for use of UK steel in HS2 project

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Union says it is ‘common sense’ that Britain’s 1,100 steel businesses should be ‘paramount’ in procurement

The Unite union is demanding the government sets clear targets for the use of UK-produced steel in the HS2 rail project, after it emerged that the Department for Transport currently has none in place.

Responding to two written questions in parliament posted by Labour MPs in December, the transport minister Andrew Stephenson admitted there is “no formal target” for the use of UK steel in its construction.

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‘Green steel’: Swedish company ships first batch made without using coal

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Hybrit sends steel made with hydrogen production process to Volvo, which plans to use it in prototype vehicles and components

The world’s first customer delivery of “green steel” produced without using coal is taking place in Sweden, according to its manufacturer.

The Swedish venture Hybrit said it was delivering the steel to truck-maker Volvo AB as a trial run before full commercial production in 2026. Volvo has said it will start production in 2021 of prototype vehicles and components from the green steel.

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S&P hits back in court after Fortescue Metals takes legal action to prevent publication of ore price

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Ratings agency says mining giant owned by Andrew ‘Twiggy’ Forrest’ wants to keep prices secret so it can charge more for its ore

Mining giant Fortescue Metals Group, controlled by billionaire Andrew “Twiggy” Forrest, has launched legal action to stop global ratings agency S&P publishing information about the price it charges for iron ore.

A UK court has ordered S&P to stop publishing the information, which Fortescue claims is confidential, but the ratings agency has hit back in a US court, accusing the miner of trying to keep prices secret so it can charge more for its ore.

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Worker dies after being injured at Tata Steel plant in Port Talbot

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Police and Health and Safety Executive launch investigation into man’s death in south Wales

Police and health and safety experts are investigating after a worker died in an incident involving machinery at the Tata steelworks in Port Talbot.

Emergency services including a hazardous area response team were called to the site in south Wales shortly before 2pm on Wednesday.

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UK government agrees £300m rescue package for British Steel

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New funds thought to be enough to secure a sale to widening list of interested private bidders

The government has moved to rescue British Steel with a financial support package worth as much as £300m that ministers believe will be enough to secure backing from a private bidder.

It is understood that the Department for Business, Energy and Industrial Strategy (BEIS) has agreed to substantially increase support to bidders for British Steel, which employs more than 4,000 people, after months of wrangling following the company’s collapse into administration.

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