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The Latest Breaking News from British Steel

British Steel blames outages and costs for losses after owner rejects deal

The company said challenging trading conditions impacted its profitability in 2023, in its latest annual results published on Monday.

The Independent UK

‘Beloved’ south London food hall to be demolished for 900-home tower block scheme

The controversial Borough Triangle development was narrowly approved by councillors at a Soutwark planning meeting

Evening Standard

Government urged to nationalise British Steel if deal cannot be reached

The company has reportedly rejected a £500 million Government offer to help its transition.

Evening Standard

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British Steel closes plant after failing to get UK government help

More than 2,000 jobs are at risk as Britain's second-biggest steelmaker failed to get an agreement with the UK government to support further operations.

Euronews

Tariff-hit British Steel Confirms Plan To Shut Blast Furnaces

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US President Donald Trump's tariffs on the sector were partly to blame for a decision which could cost up to 2,700 jobs.

International Business Times

Tesla’s UK subsidies under scrutiny after Trump announces car tariffs

Tesla has benefited from £188m in UK taxpayer subsidies in nine years

The Independent UK

British Steel plans to close Scunthorpe blast furnaces with 2,700 jobs at risk

Unions condemn proposals by China’s Jingye that will make UK only G7 country unable to make steel from scratchBusiness live – latest updates

The Guardian - UK

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Thousands of jobs at risk as British Steel threatens closure of blast furnaces

A consultation has been launched on closing blast furnaces at Scunthorpe steelworks

Evening Standard

Thousands of British Steel jobs at risk after owner rejects government offer to go green

The Chinese parent company has rejected the government’s subsidy offer to aid transition to producing green steel

The Independent UK

UK steelmakers say Trump’s tariffs already driving away business

Tata and British Steel tell MPs their customers are seeking alternative suppliers or asking for compensation

The Guardian - UK

‘Spooked’ customers cancel UK orders to avoid Trump’s tariff warfare

Bosses at Tata Steel UK and British Steel say the damage to sales could be ‘significant’ after the US imposed tariffs on steel imports earlier this month

The Independent UK

Timid FCA has retreated too far on its ‘name and shame’ proposals

An uncontentious improvement has been lost for the sake of protecting City competitiveness. No wonder consumer groups are dismayed

The Guardian - UK

Financial watchdog scraps plan to ‘name and shame’ UK firms under investigation

FCA move follows longstanding pressure against new public interest test for announcing investigations

The Guardian - UK

Union unveils plan to secure future of Scunthorpe British Steel site

Community says its proposal will ensure the continued operation of two blast furnaces while two new electric furnaces are constructed.

Evening Standard

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The Guardian - UK

Unions call for £200m from government to keep two Scunthorpe steel furnaces open

Exclusive: They say the support for British Steel’s transition to electric replacement is needed to prevent immediate job losses

The Guardian - UK

Heathrow to pledge to use UK steel and boost growth in third runway proposal

Airport’s chief executive to formally spell out expansion plans in speech at British Steel plant in Scunthorpe

The Independent UK

British Steel to sit on new government council after thousands of job losses

The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment.

Evening Standard

Tata and British Steel bosses to sit on new Government steel council

The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment.

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Evening Standard

Government considering renationalising British Steel, reports suggest

British Steel’s Scunthorpe plant employs about 4,000 people and is the UK’s last remaining primary steel plant.

The Independent UK

Government considering nationalising British Steel amid rescue efforts

It would mark an end to 36 years of private ownership after Margaret Thatcher passed the British Steel Act in 1988

The Guardian - UK

Ministers considering renationalising British Steel if rescue plan fails

Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners

The Guardian - UK

British Steel to keep Scunthorpe blast furnaces operating past Christmas

Confirmation follows progress at talks over government support for switch to less polluting technology

The Independent UK

Tory mayor warns of plot to end British steel production in favour of Chinese alternative via Brazil

Exclusive: Lord Ben Houchen raised fears have been raised that the UK will lose domestic steel production for the first time since the Industrial Revolution

The Guardian - UK

‘It’s heartbreaking’: gloom in Port Talbot as steel town’s last blast furnace closes

As workers finish their final shift, local people lament the end of an era and fear devastating impact in south Wales

The Independent UK

Port Talbot: Labour’s deal for steel workers explained as 2,500 job losses announced

Labour has revised a deal drawn up by Conservative government but failed to prevent the thousands of job losses

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