A Chinese buy-out marks a new chapter in the tumultuous history of steelmaking in the United Kingdom, which has been characterised by nationalisation, privatisations and recurring crises. Suddenly ...
Traditional steel making is one of the dirtiest industries on earth. Transforming it into an industry of the future requires innovation not nostalgia.
The move, which comes after a court-approved liquidation of Speciality Steel, is meant to preserve jobs and domestic manufacturing. By Stanley Reed Reporting from London For the second time this year, ...
It is a long way from Scunthorpe to the windswept plains of northeast China. But a journey to the hometown of the Chinese firm that owns British Steel would soon reveal to a traveller how closely ...
The British steel industry has been plunged into crisis after the European Union announced plans to slap 50 per cent tariffs on UK imports. In what is a major blow to Sir Keir Starmer’s mission to ...
The U_K_ government says that it has bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.” Credit: AP Credit: AP LONDON (AP) — The U.K.
Jingye bought British Steel in 2020 and says it has invested more than £1.2 billion ($1.5 billion) to maintain operations but is losing around £700,000 a day. Reynolds said "the effective market value ...