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The Latest Breaking News from British Steel

Wednesday briefing: How a refuse collectors’ strike caused mayhem in the Midlands

In today’s newsletter: Four weeks into the dispute, with the council declaring a major incident, the streets are overflowing with rubbish and rats

The Guardian - UK

British Steel could be nationalised as PM and chancellor consider ‘all options’

Whitehall sources say Starmer and Reeves aligned in seeing steel as of ‘huge strategic importance’

The Guardian - UK

UK should not ‘jump with both feet’ to retaliate against Trump tariffs – Starmer

The Prime Minister’s call for a calm approach to US tariffs came as a sense of optimism returned to the financial markets.

The Independent UK

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What happens next on the stock market after ‘bloodbath’ of Trump’s tariffs?

Stock markets in Asia, Europe and America are all in the green on Tuesday after several days of dramatic drops

The Independent UK

PM: ‘All options’ on table for British Steel amid calls for nationalisation

Sir Keir Starmer said he understood the importance of the Scunthorpe steel plant as he was quizzed by senior MPs at the Commons Liaison Committee.

Evening Standard

Nationalising British Steel must be ‘last resort’ – Badenoch

Industry minister Sarah Jones hosted a meeting of the Steel Council attended by the bosses of Tata, Liberty and British Steel and trade union leaders.

Evening Standard

Minister: No options off the table to secure steelmaking in Scunthorpe

Conservative MP Martin Vickers led calls in the Commons for the British Steel site to be nationalised on a temporary basis.

Evening Standard

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‘It will cripple the town’: Scunthorpe ponders life after steel as 2,700 jobs at risk

Business owners say they are already struggling and furnace closures would make trading worse, but some residents say it’s time to move on

The Guardian - UK

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

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

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The Guardian - 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

Evening Standard

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

The Independent UK

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 Guardian - 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

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The Independent 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 Guardian - 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

Evening Standard

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.

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

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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