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The Latest Breaking News from British Steel

Ripped-off steelworkers lost £80,000 pension cash as watchdog failed to act

An investigation published today ruled that the Financial Conduct Authority (FCA) failed to protect the British Steel pension scheme - with some members missing out on as much as £489,000 in life savings

Daily Mirror

City watchdog failed British Steel pension savers, MPs say

The Financial Conduct Authority has been criticised by MPs on the the Public Accounts Committee.

The Independent UK

Worker dies 'falling from crane' at steelworks as investigation launched into death

Both Humberside Police and the Health and Safety Executive (HSE) said they were investigating the death of the worker at the firm's Scunthorpe site

Daily Mirror

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Steel safeguards welcomed as domestic manufacturing protection measures extended to 2024

Scunthorpe MP reveals she turned down a government role to keep her eye on town's fortunes as home constituency for British Steel

Birmingham Post

Steel tariffs to be extended despite WTO rules, Boris Johnson indicates

Prime minster says proposed measures to protect British industry are in line with other European countries

The Guardian - UK

PM suggests he's ready to break international law to 'protect British steel'

BORIS Johnson has suggested his government is prepared to break international law to impose new steel tariffs.

The National (Scotland)

PM implies he is prepared to breach international law to safeguard UK steel

Boris Johnson argued at the G7 summit in Germany it is reasonable for British steel to enjoy the ‘same protections’ as other European economies.

The Independent UK

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British Steel lines up Drax mega order as Net Zero infrastructure eyed for carbon capture plant

MoU signed between two regional giants who could be connected by the huge Humber pipeline plans

Birmingham Post

Environmental credentials highlighted behind British Steel's huge investment as union welcomes spend

Billet caster comes with new water treatment plant

Birmingham Post

British Steel begins work on £80m upgrades at key plant in boost for industry

The firm revealed work has started on two new pieces of equipment at its Scunthorpe site

Daily Mirror

£80m investment in British Steel gets under way in Scunthorpe

New billet caster to be installed as rod mill upgrade returns at huge headquarters facility

Birmingham Post

£26m British Steel Special Profiles upgrade given the go-ahead

Work to start later this year with view to commission in August 2023

Birmingham Post

Petrol-head Guy Martin gets on board with Humber's Net Zero ambition as next generation careers outlined

Students flock to event outlining decarbonisaton plans for the energy estuary

Birmingham Post

Partners outline hopes for British Steel's green hydrogen ambition

EDF, University College London and Materials Processing Institute unite with British Steel as Tees Valley Mayor welcomes cutting edge industry activity

Birmingham Post

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Birmingham Post

British Steel embarks on green hydrogen journey after government funding success

Teesside feasibility study could be replicated across operations - and by other steelmakers

Birmingham Post

£1m state-of-the-art laser measurement system introduced by British Steel

This is a level of 'intelligence that’s setting our products apart'

Birmingham Post

Multi-million pound investments to follow British Steel Network Rail contract win

Two year deal will see expansion of Scunthorpe site for storage and delivery services

Birmingham Post

British Steel launches graduate recruitment campaign as apprenticeship scheme widens

30 positions with September starts opened for those leaving university

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Daily Mirror

British Steel recruiting scores of workers in big boost for UK industry

The Chinese-owned firm announced it was looking for apprentices and graduates at sites across the country, including in Teesside and Lincolnshire

The Guardian - UK

Steel boss dismisses claim that sector needs new Cumbrian coalmine

As final decision looms on controversial pit, industry expert says there is no domestic market for its fuel

Birmingham Post

British Steel is recruiting 40 apprentices as it works towards net zero steelmaking

Roles opening in Scunthorpe and Teesside

Daily Record

British Steel pension savers could see retirement income boosted from share of £71m compensation

Payments are expected to start from the end of 2023.

Evening Standard

British Steel pensioners to get £71 million compensation after bad advice

The Financial Conduct Authority said on Thursday it would pay £71 million in compensation to members of a British Steel pension scheme (BSPS) who were wrongly advised to give up their guaranteed pensions.

The Independent UK

Watchdog sets out £71m plan to help British Steel pension savers

Thousands of people might have been given bad advice to switch their pension pot.

Daily Mirror

US axes Donald Trump's tariffs on British steel in lifeline for thousands of UK jobs

Duties of 25% on British exports to America will be scrapped from June - four years after they were imposed by former President Donald Trump. But Tory ministers were accused of 'dither and delay'

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