Uk Steel Industry
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UK Nationalises British Steel, Takes Control From China's Jingye
The country's last factory that can make steel from scratch faced imminent closure last year after Jingye said the plant in Scunthorpe, northern England, was no longer financially viable.
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British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
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Indian-Origin Tycoon Sanjeev Gupta On Recruitment Drive In UK
Indian-origin businessman Sanjeev Gupta on Thursday announced a recruitment drive to fill up to 100 positions at two steel plants in Scotland he had acquired from Tata Steel this year, with subsequently increasing the number.
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Tata Steel UK's Long Products Business Sale Credit Positive: Moody's
Tata Steel UK Ltd's signing of an agreement to sell its European long products business to UK-based investment firm Greybull Capital is credit positive for its parent, Tata Steel, Moody's Investor Service said on Tuesday.
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Can't Guarantee No More Steel Job Losses: UK Minister
Business minister Sajid Javid said on Monday that he was unable to promise that there would be no further job losses in the British steel industry, but that the government was doing all it could to protect workers.
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Tata Steel Due To Begin Formal UK Sale Process Today: Report
Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said.
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Tata Steel Confirms UK Fraud Probe
Tata Steel said on Saturday that Britain's Serious Fraud Office is investigating a lapse in procedures at its steel-making site in Yorkshire, as the group seeks to sell its UK operations.
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PIO Businessman Takes Charge Of Tata's Scottish Plants
Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta on Thursday formally took charge of Tata Steel's loss making plants in Scotland.
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Tata Steel's Q4 Sales Soar 13%, Annual Sales Hit Record
Faced with a tough job of finding a buyer for its entire UK business, Tata Steel on Friday had some reason to cheer as the steelmaker said its sales in the fourth quarter jumped 13 per cent to 2.72 million tonnes.
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No 'Panic Driven Fire Sale' Of Tata Steel: Union To UK Government
Warning against a "panic driven fire sale" of Tata Steel UK's Port Talbot plant, Britain's largest trade union Unite has asked the government to ensure that the sale done in a timely fashion.
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British Government Pledges Support for Tata Steel's Port Talbot Plant: Report
The UK government will do all it can to keep the country's biggest steelworks running, Business Secretary Sajid Javid said on Sunday, in the face of a crisis threatening the country's steel industry.
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UK Steel Crisis: Public Sector Urged to Consider Local Firms for Contracts
Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry.
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British PM Defends Blocking Tariffs on Chinese Steel: Report
Prime Minister David Cameron has defended the UK's decision to reject higher European Union tariffs on Chinese steel even as the Business Secretary faced angry Tata Steel workers whose livelihoods have been undermined by cut-price imports at Britain's biggest steel plant in Port Talbot.
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Tata Steel UK Exit: Trade Unions Call For Nationalisation
Amid Tata Steel's plans to exit its loss-making UK business, trade unions asked British Prime Minister David Camaroon to save the crisis-ridden sector and demanded nationalisation of the mills.
-
UK Nationalises British Steel, Takes Control From China's Jingye
The country's last factory that can make steel from scratch faced imminent closure last year after Jingye said the plant in Scunthorpe, northern England, was no longer financially viable.
-
British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
-
Indian-Origin Tycoon Sanjeev Gupta On Recruitment Drive In UK
Indian-origin businessman Sanjeev Gupta on Thursday announced a recruitment drive to fill up to 100 positions at two steel plants in Scotland he had acquired from Tata Steel this year, with subsequently increasing the number.
-
Tata Steel UK's Long Products Business Sale Credit Positive: Moody's
Tata Steel UK Ltd's signing of an agreement to sell its European long products business to UK-based investment firm Greybull Capital is credit positive for its parent, Tata Steel, Moody's Investor Service said on Tuesday.
-
Can't Guarantee No More Steel Job Losses: UK Minister
Business minister Sajid Javid said on Monday that he was unable to promise that there would be no further job losses in the British steel industry, but that the government was doing all it could to protect workers.
-
Tata Steel Due To Begin Formal UK Sale Process Today: Report
Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said.
-
Tata Steel Confirms UK Fraud Probe
Tata Steel said on Saturday that Britain's Serious Fraud Office is investigating a lapse in procedures at its steel-making site in Yorkshire, as the group seeks to sell its UK operations.
-
PIO Businessman Takes Charge Of Tata's Scottish Plants
Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta on Thursday formally took charge of Tata Steel's loss making plants in Scotland.
-
Tata Steel's Q4 Sales Soar 13%, Annual Sales Hit Record
Faced with a tough job of finding a buyer for its entire UK business, Tata Steel on Friday had some reason to cheer as the steelmaker said its sales in the fourth quarter jumped 13 per cent to 2.72 million tonnes.
-
No 'Panic Driven Fire Sale' Of Tata Steel: Union To UK Government
Warning against a "panic driven fire sale" of Tata Steel UK's Port Talbot plant, Britain's largest trade union Unite has asked the government to ensure that the sale done in a timely fashion.
-
British Government Pledges Support for Tata Steel's Port Talbot Plant: Report
The UK government will do all it can to keep the country's biggest steelworks running, Business Secretary Sajid Javid said on Sunday, in the face of a crisis threatening the country's steel industry.
-
UK Steel Crisis: Public Sector Urged to Consider Local Firms for Contracts
Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry.
-
British PM Defends Blocking Tariffs on Chinese Steel: Report
Prime Minister David Cameron has defended the UK's decision to reject higher European Union tariffs on Chinese steel even as the Business Secretary faced angry Tata Steel workers whose livelihoods have been undermined by cut-price imports at Britain's biggest steel plant in Port Talbot.
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Tata Steel UK Exit: Trade Unions Call For Nationalisation
Amid Tata Steel's plans to exit its loss-making UK business, trade unions asked British Prime Minister David Camaroon to save the crisis-ridden sector and demanded nationalisation of the mills.
