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.... When nations contravened the agreement’s terms on specific areas of national interest, they found that it “contained loopholes wide enough for an elephant to pass”, in Rodrik’s words. If a nation wanted to protect its steel industry, for example, it could claim “injury” under the rules of Gatt and raise tariffs to discourage steel imports: “an abomination from the standpoint of free trade”. ... [Read full article on Guardian ]
Friday 14th of July 2017 04:28:14 AM
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Latest Finance News related to Steel Industry

Globalisation: the rise and fall of an idea that swept the world image
Source : Guardian [Read Article] Friday 14th of July 2017 04:28:14 AM
.... When nations contravened the agreement’s terms on specific areas of national interest, they found that it “contained loopholes wide enough for an elephant to pass”, in Rodrik’s words. If a nation wanted to protect its steel industry, for example, it could claim “injury” under the rules of Gatt and raise tariffs to discourage steel imports: “an abomination from the standpoint of free trade”. ...
'Battle mood' EU threatens bourbon whiskey in US steel trade row image
Source : Guardian [Read Article] Friday 7th of July 2017 11:17:26 AM
. The European Union is prepared to impose countermeasures within days if Donald Trump takes action to protect the US steel industry, the European commission president has said. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....Behind him, a four-tonne length of steel, heated to 1,080C, glows incandescent orange as it rolls through the mill to be made into wire coil, which is used in items ranging from paperclips to the metal ropes that support the Humber Bridge. The intense light and heat given off by this industrial process seemed at risk of being snuffed out just 18 months ago as the once sturdy UK steel industry looked doomed. ...
Reborn British Steel gives shares to workers after return to profit image
Source : Guardian [Read Article] Thursday 1st of June 2017 12:30:06 PM
....”. Unite, the trade union, welcomed the financial results but warned that the steel industry remains under pressure and called the government’s lack of support “reprehensible”. ...
Moody's cuts China's credit rating for first time since 1989 image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:28:10 AM
....It also plays an important role as a buyer of oil and other commodities, and its slowdown has been a factor in the decline in the prices of such goods. Beijing's aim to rebalance the economy towards domestic consumption has led to major challenges for manufacturers, and there have been layoffs - especially in heavily staffed state-run sectors such as the steel industry. ...
Tata deal with Liberty House saves 1,700 UK steel jobs image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:40:38 AM
....Roy Rickhuss, the general secretary of Community, the steelworkers’ trade union, welcomed the deal: “The completion of the sale will bring some welcome certainty to a workforce that has faced a tough time over recent months and years. It demonstrates that with the right vision there are opportunities for the UK steel industry to grow. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....It was in the early 2000s that the former bankruptcy specialist made his most notable coup, bringing together LTV Steel, Acme Steel and Bethlehem Steel under the name International Steel Group. Ever since he has championed the US steel industry and as commerce secretary has seized his chance to block foreign imports. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
....He said exports had risen "despite repeated Chinese claims that they were going to reduce their steel capacity". "The artificially low prices caused by excess capacity and unfairly-traded imports suppress profits in the American steel industry," the administration said in a statement. ...
Trump signs order to assess whether steel imports threaten national security image
....6% increase in steel imports in the first quarter has had “a very serious impact on the domestic industry”. Ross said the US had placed more than 150 antidumping and duty orders on steel products, but they had “not substantially alleviated the negative effects that unfairly traded imports have had on the United States steel industry. ...
Tata Steel workers agree to pension cuts to save 8,000 jobs image
Source : Guardian [Read Article] Wednesday 15th of February 2017 03:01:00 PM
....“It is testament to the commitment of its workforce that they are willing to work so constructively with the owners to secure the future of the plant. The government will play its role in supporting the steel industry to help deliver a sustainable future. ...
British Steel to reverse salary cut for workers agreed under Tata image
Source : Guardian [Read Article] Wednesday 25th of January 2017 06:41:37 PM
....”. Greybull bought the company after the UK steel industry had been under pressure for several years due to factors including a flood of cheap Chinese products on to the market, which sent prices tumbling. ...
Theresa May's post-Brexit industrial strategy ducks tough decisions | Nils Pratley image
.... Many tough decisions were ducked in the green paper, or left hanging in the air. Should the steel industry celebrate a “strategic approach” to procurement? Talk of mimicking Crossrail’s consideration of “social and economic factors” could suggest that British steel will be preferred in mega-projects like HS2. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
.... Blackpool will get a new conference centre and hotel at the Winter Gardens to help re-establish the town as a leading conference destination. May is launching the strategy on the same day as a report from a cross-party group of MPs urged more help for the steel industry, with seven policy demands including cheaper energy and action against Chinese dumping. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
.... These so-called councils allowed the government to communicate regularly with chief executives in sectors it considered important, and to develop joint policies. It should be remembered that Javid’s laissez-faire approach ended in a tangle when he was forced to step in and offer financial support for the steel industry as thousands of jobs hung on the line. ...
Skills and infrastructure top priority in industrial strategy, say UK firms image
Source : Guardian [Read Article] Saturday 21st of January 2017 08:00:30 AM
....The government’s new industrial strategy must focus on improving skills and infrastructure in Britain rather than bailing out struggling large companies, according to a survey of business leaders. The findings suggest businesses are not in favour of rescue deals such as the government’s proposed support for the steel industry. ...
Auto industry's Trump fear: 'Everyone dreads being subject of a tweet' image
Source : Guardian [Read Article] Saturday 7th of January 2017 08:00:14 AM
....The incoming president has clearly signalled that Obama’s trade-friendly, internationalist era is over, said Ikenson. The US steel industry lawyer Robert Lighthizer is Trump’s choice for United States trade representative, the anti-China economist Peter Navarro is set to head the newly created National Trade Council at the White House and the billionaire investor Wilbur Ross, a staunch critic of the US’s existing trade agreements, is Trump’s pick to lead the commerce department. ...
Productivity gap yawns across the UK image
Source : BBC [Read Article] Friday 6th of January 2017 12:13:07 PM
.... . The least productive city is Sheffield, once home to a huge steel industry but now lagging well behind; Sheffield is 19% less productive than the national average. ...
China hits back at 'extreme' tariffs from rival economies image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:33:07 AM
....While Trump has repeatedly blamed China for undermining US manufacturing, European officials have also accused the People’s Republic of unfair trade practices, such as flooding the market with cheap goods backed by state subsidies. The accusations have been particularly loud in Europe’s struggling steel industry, leading to Brussels slapping some Chinese imports with tariffs of up to 74% in October last year. ...
Could Trump's chest-thumping over China trigger a trade war? image
Source : Guardian [Read Article] Saturday 10th of December 2016 10:00:11 AM
.... If Trump wants to placate his base in the midwest he could target Chinese steel, for example. China is engaging “in at least questionable” practices in the steel industry, says Pei. ...
Tata Steel jobs: regulator warns of pension hurdles image
Source : Guardian [Read Article] Thursday 8th of December 2016 05:31:07 PM
....The Pensions Regulator has warned there are still major hurdles to overcome to secure the future of Tata Steel’s UK pension scheme, which is pivotal for saving the Port Talbot steelworks in south Wales. Tata Steel and trade union leaders have agreed a deal to save 8,000 jobs in the steel industry and the Port Talbot steelworks, with the Indian company committing £1bn of new investment to its UK business. ...
Pfizer feels wrath of CMA for overcharging NHS | Nils Pratley image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:27:43 PM
....But, if the agreement succeeds, Tata should be applauded for its willingness to rethink and negotiate on Port Talbot. It is also fair for Tata to appeal “to other stakeholders such as the UK government” to lend a hand on energy costs for heavy users like the steel industry. ...
Tata Steel agrees deal with union chiefs to save 8,000 UK jobs image
Source : Guardian [Read Article] Wednesday 7th of December 2016 04:02:21 PM
. Tata Steel and trade union leaders have agreed a deal to save 8,000 jobs in the steel industry and the Port Talbot steelworks in south Wales. ...
Tata Steel: Unions close to deal to keep Port Talbot open image
Source : BBC [Read Article] Monday 5th of December 2016 03:46:50 PM
....Stephen Kinnock, Labour MP for Aberavon, said he was "desperately hoping and praying" for some positive news for steelworkers and their families who had "been through hell". Speaking to BBC Radio Wales' Good Evening Wales programme, he said: "We have said from the start that we need a very clear commitment to both of the blast furnaces and to the investment that we need to build a long-term future of prosperity for Port Talbot, and for the steel industry across the county. ...
Tata Steel announces buyer for specialist business image
Source : BBC [Read Article] Monday 28th of November 2016 12:53:12 PM
....More on this and other South Yorkshire stories. The union's general secretary Roy Rickhuss said: "This is a positive step for the UK steel industry; however there remain huge challenges which government must address. ...
Tata to sell UK speciality steels business in £100m deal image
Source : Guardian [Read Article] Monday 28th of November 2016 11:39:17 AM
....Gill Furniss, Labour’s shadow steel minister, said: “After months of worry, steelworkers and their families in South Yorkshire at last have some certainty over what the future holds. “There are still huge challenges facing the steel industry nationally and we shouldn’t be complacent. ...
Tata set to commit to UK steel for the next decade image
Source : Guardian [Read Article] Friday 25th of November 2016 12:50:54 PM
....Bhattacharyya was talking at a meeting of political and automotive leaders from the Midlands on Thursday evening, which included Greg Clark, the business, energy and industrial strategy secretary. The government has been fiercely criticised for not doing enough to help the steel industry, which has struggled due to mounting energy costs and China dumping cheap steel in Europe, which has driven down prices. ...
Tata's plans to close British Steel pension fund lambasted by MP image
Source : Guardian [Read Article] Wednesday 9th of November 2016 06:47:36 PM
.... The company awaits the outcome of that consultation but in the meantime is actively exploring alternative courses of action. “Tata Steel is committed to working with the pension scheme trustee, the trade unions and relevant regulatory and government bodies to achieve a fair outcome for the British Steel pension scheme and its members against the backdrop of the difficult business conditions and the structural challenges the steel industry is currently facing. ...
Steelworkers' union Community backs fracking in UK image
Source : BBC [Read Article] Thursday 3rd of November 2016 02:10:51 AM
.... . "The future development of home-grown oil and gas has the potential to support thousands of jobs through its supply chain, including in the steel industry," says Roy Rickhuss, the general secretary of Community. ...
China merger to create world's second largest steel firm image
Source : BBC [Read Article] Tuesday 20th of September 2016 11:00:52 AM
....Both companies are majority-owned by the state. The announcement comes as Beijing tries to overhaul the steel industry, one of the country's bloated state sectors. ...
G20 leaders told 'avoid empty talk' by China's Xi Jinping image
Source : BBC [Read Article] Sunday 4th of September 2016 09:36:01 AM
....China's continued production of cheap steel was also an issue on the opening day of the summit. European Commission President Jean-Claude Juncker said China must address its problem of industrial overcapacity, saying it was "unacceptable" the European steel industry had lost so many jobs in recent years. ...

The two big tests awaiting the Prime Minister's 'Mayconomics' agenda
 image
Source : Telegraph [Read Article] Saturday 13th of August 2016 06:48:38 AM
.... Between 2010 and 2015, two British aluminium smelters closed because of the Government’s energy policy, leaving only a small factory in Scotland that uses hydro-electric power. The steel industry has suffered closures and job losses because of the cost of energy and remains under threat. ...
China's economic slowdown deepens image
Source : BBC [Read Article] Friday 12th of August 2016 05:54:53 AM
.... . Beijing's aim to rebalance the economy towards domestic consumption has lead to major challenges for large manufacturing sectors with layoffs, especially in heavily staffed state-run sectors such as the steel industry. ...

Who is Justine Greening? Meet the new Secretary of State for Education
 image
Source : Telegraph [Read Article] Tuesday 26th of July 2016 02:42:49 PM
.... Her similarities to Margaret Thatcher - both in her way of speaking and her background - have often been discussed. An accountant before entering Parliament, Greening says her father's first hand experience in the 1980s of the steel industry's decline were formative. ...
Tata says global steel industry 'vulnerable' image
Source : BBC [Read Article] Monday 11th of July 2016 03:28:15 PM
. The global steel industry is "very vulnerable" because of a huge oversupply problem, a Tata Steel executive has told the BBC. ...
Sale of Tata UK steel business on hold image
Source : BBC [Read Article] Friday 8th of July 2016 06:31:55 PM
....The sale of Tata Steel's UK business is on hold as the company considers a European tie-up, creating further uncertainty for British steelworkers . Speaking after a board meeting in Mumbai, Tata said it had started talks with "strategic players in the steel industry". ...
Tata Steel fears that UK political situation may derail sale image
Source : BBC [Read Article] Thursday 30th of June 2016 01:28:41 AM
....He is being backed by Sajid Javid, who hopes to become chancellor if Mr Crabb wins. Mr Javid has led efforts to resolve the crisis in the steel industry which has intensified under his watch. ...
Steelworkers urge government to resolve concerns over Tata sale image
Source : Guardian [Read Article] Monday 27th of June 2016 03:10:51 PM
....He added: “It is important that the entire UK government now gets behind steelworkers and helps secure the future of their industry. During this period of economic uncertainty, it would be a disaster if our steel industry was allowed to crumble. ...
Tata Steel near deal to save Port Talbot plant despite Brexit vote image
Source : Guardian [Read Article] Sunday 26th of June 2016 02:29:39 PM
....Tata Steel is close to a deal to save its Port Talbot plant despite Britain’s vote to leave the EU, as sterling’s slump potentially boosts the industry’s survival prospects. MPs and trade unions have said the steel industry faces a new crisis after the referendum result, with bidders for Tata Steel UK ready to pull out of the process, according to reports. ...
'Reassurance needed' image
Source : BBC [Read Article] Friday 24th of June 2016 11:57:47 AM
...."Today, we know that many of the relevant conditions for supplying the European market will have to be renegotiated, but of course we cannot say what this means for our UK operations until those future regulatory and legislative arrangements are agreed," a spokeswoman said. A sector already under pressure is the steel industry, as Tata considers selling its UK operations. ...
Steel: government commissions research on how to protect sector image
Source : Guardian [Read Article] Wednesday 8th of June 2016 10:43:57 PM
. The government has agreed to a request from the steel industry to commission research on ensuring the long-term future of the sector, which is beset by falling prices and overproduction. ...
Unions welcome return of British Steel after Tata Steel sale image
Source : Daily Express [Read Article] Wednesday 1st of June 2016 12:45:00 PM
...." . The Community union's general secretary, Roy Rickhuss, said: "Community warmly welcomes the opening of this new chapter in the course of the UK steel industry. ...
Tata completes sale to Greybull, saving jobs and reviving British Steel image
Source : Guardian [Read Article] Wednesday 1st of June 2016 07:28:24 AM
....Marc Meyohas said: “Our entire focus has been on getting this deal to where it is and launching British Steel. Being investors in the steel industry you would expect any active shareholder to look at what is going on in the broader market. ...
Tata Steel must commit for the long haul, says Stephen Kinnock image
Source : Guardian [Read Article] Sunday 29th of May 2016 05:40:03 PM
. Tata Steel must give guarantees it would be committed to the British steel industry for the long haul if it abandons the planned sale of its UK business, the Labour MP Stephen Kinnock has said. ...
How the town of Corby dusted off the ashes of post-industrial decay image
....Unlikely as that may be, the Northamptonshire town’s revival has been phoenix-like, emerging anew from the ashes of post-industrial decay. The current crisis affecting the British steel industry will resonate with those older locals who witnessed the collapse of the town’s steelworks. ...
Tweaking pensions law to save Tata Steel UK would be a risky move image
Source : Guardian [Read Article] Thursday 26th of May 2016 07:19:13 PM
. How far will the government – a month before a referendum, and facing accusations of being asleep to the crisis in the steel industry – go to save Tata Steel UK? Here’s one answer: it could change the law to allow the company’s pension fund liabilities to be indexed at a lower rate of inflation, thereby making it more likely that a buyer will appear or that Tata decides to keep its operation. ...
Tata Steel pension chief backs controversial cuts image
Source : Guardian [Read Article] Thursday 26th of May 2016 10:22:21 AM
....Owen Smith, Labour’s shadow work and pensions secretary, said: “There needs to be far greater clarity over how many people may lose out as a result of these proposed new arrangements and how much they stand to lose. “We also need certainty over exactly what kind of precedent these measures will create and how sure the government is that these arrangements are applicable only to the unique set of circumstances facing the steel industry. ...
Tata Steel: warning that pensions restructure could set risky precedent image
....Ex-Liberal Democrat pensions minister in the former coalition Steve Webb said the government was “going down a very dangerous path” in seeking to change the law. “Everyone has huge sympathy for steel workers and for efforts to protect jobs, but rushed changes to pension rules risk driving a coach and horses through the pension security of hundreds of thousands of workers, well beyond the steel industry,” he said. ...
Tata Steel is considering retaining UK business image
Source : Guardian [Read Article] Wednesday 25th of May 2016 07:08:57 PM
.... MPs have accused Javid and the government of reacting too slowly to the crisis in the industry. The Labour leader, Jeremy Corbyn, joined the workers’ march and said his party was doing everything it could to support the steel industry. ...
Tata Steel UK: David Cameron urges caution on jobs deal image
Source : Guardian [Read Article] Wednesday 25th of May 2016 10:04:12 AM
.... Determined to keep momentum & find right buyer. Workers from Tata Steel and other British producers are to march on Westminster on Wednesday to call for a responsible sale of the Tata business and for a government strategy to support the steel industry. ...
Tata Steel UK bids submitted ahead of crucial Mumbai meeting image
Source : Guardian [Read Article] Monday 23rd of May 2016 08:31:18 AM
.... About 40,000 UK jobs are judged to depend on Tata Steel UK, directly and through the supply chain. Liberty House already owns steel plants in the UK, including in south Wales, and has been taking on assets affected by the crisis in the steel industry. ...
Post Office 'heading for extinction' amid plan to cut 600 jobs, say unions image
....“With this latest round of job losses, the management of the Post Office has to face the fact that it is in crisis and heading for ruin,” he said. “With a cut in its funding from £210m in 2013 to zero in 2019, these job losses show that under business secretary Sajid Javid’s leadership the Post Office is heading the same way as the steel industry. ...
Britain accused of undermining tougher EU limits on killer air pollution image
....On Thursday the publication of data from more than 3,000 cities compiled by the World Health Organisation (WHO) found that outdoor air pollution had grown 8% globally in the past five years, with billions of people around the world now exposed to dangerous air. Of 52 UK towns and cities included in the UN database, Port Talbot in south Wales, a hub for the UK steel industry, is the most polluted, ahead of London, Glasgow, Southampton and Leeds. ...
EU to investigate Chinese steel subsidies blamed for dumping image
Source : Guardian [Read Article] Friday 13th of May 2016 12:10:21 PM
....China’s steel exports to the EU have more than doubled since 2013 from 3m tonnes a year to almost 7m tonnes as producers have sought to offload surplus stocks, according to Eurofer. China’s overcapacity of at least 340m tonnes is double the entire capacity of Europe’s steel industry, it added. ...
UK steel boost as MEPs oppose giving China market economy status image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:09:23 PM
....But Conservative MEPs came under fire for failing to back the motion, while European steelmakers called on the UK to get behind efforts to strengthen the trade defences available to EU economies. While the resolution carries no legal weight, steel trade bodies welcomed a move that they said sent a message to politicians that the European steel industry needs protection from China. ...
ANOTHER REASON TO LEAVE: Weekly shop will FALL by £40 under Brexit, finds top economist image
.... Lower prices would have wider benefits for the economy, making it more competitive with industry growing in areas where Britain does well, explained the founder of the Liverpool Research Unit. Under the world free trade model, Britain would still be able to protect the industries or parts of the economy, which are at a disadvantage compared to other countries - for example, the steel industry or manufacturing. ...
Tata Steel says seven firms in frame to bid for rest of UK operations image
....”. A spokesperson for the union Community said: “This news is yet further evidence of the significant interest that exists in the future of the UK steel industry. ...
Tata Steel bid team says deal involves 1,000 more job losses image
Source : Guardian [Read Article] Friday 6th of May 2016 08:13:01 AM
....The existing pension scheme does not feature in Excalibur’s negotiations, but it would start a new pension scheme. Meanwhile, Liberty has bolstered its bid team with the appointment of Prof Julian Allwood, the Cambridge professor who has drawn up a plan to save Britain’s steel industry. ...
CBI calls on government to back manufacturing sector strategy image
Source : Guardian [Read Article] Wednesday 4th of May 2016 11:01:35 PM
....Britain’s leading employers’ organisation will tell the government on Thursday that it needs to back a new industrial strategy to halt the decline of manufacturing and spread prosperity to the less well-off parts of the country. Carolyn Fairbairn, the director general of the CBI will strongly criticise the lack of preparedness for the crisis that has engulfed the steel industry as she urges ministers to do more to help in three key areas of weakness: skills, energy costs and spending on research and development. ...
Tata Steel: rival bidders make their moves to buy assets image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 04:46:47 PM
. The race to save some of the thousands of jobs at risk in the UK steel industry has intensified after two potential rival bidders made moves to acquire Tata Steel’s UK assets. ...
Tata Steel: rival bidders make their moves to buy assets image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:21:51 AM
. The race to save some of the thousands of jobs at risk in the UK steel industry has intensified after two potential rival bidders made moves to acquire Tata Steel’s UK assets. ...
Four Seasons Health Care reports £264m annual loss image
Source : Guardian [Read Article] Wednesday 27th of April 2016 05:42:51 PM
....”. Related: Crisis in UK care homes set to ‘dwarf the steel industry’s problems’. ...
Sajid Javid to face MPs over crisis in UK steel industry image
Source : Guardian [Read Article] Wednesday 27th of April 2016 10:56:37 AM
. The business secretary, Sajid Javid, is to be questioned by MPs about the crisis in the steel industry and the government’s efforts to save thousands of jobs. ...
Tata Steel may yet keep UK business if outlook improves image
Source : Guardian [Read Article] Tuesday 26th of April 2016 07:20:18 PM
....”. The government’s commitment to supporting the steel industry has been welcomed by Tata. ...
David Cameron to visit Port Talbot steelworks image
Source : Guardian [Read Article] Tuesday 26th of April 2016 11:03:06 AM
....The PM’s spokeswoman said it was Cameron’s first visit to the plant, though other ministers, including Javid, had visited on a number of occasions and Cameron had been involved in top-level discussions ever since Tata announced its decision to sell. “The government has been very focused over the last few weeks on making sure it is doing all it can to support a sustainable future for the steel industry in Port Talbot,” she added. ...
BHS collapses into administration as rescue deal fails image
Source : Guardian [Read Article] Monday 25th of April 2016 07:26:55 AM
....Duff & Phelps was understood to have had more than 30 expressions of interest in buying BHS by midday on Monday. The collapse of BHS presents another problem for the government as it attempts to save thousands of jobs in the steel industry. ...
BHS seeks Sports Direct lifeline as it heads for collapse image
Source : Guardian [Read Article] Sunday 24th of April 2016 04:57:01 PM
....Almost 11,000 high street jobs are at risk with BHS set to fall into administration on Monday morning unless a last-minute rescue deal can be agreed with Mike Ashley’s Sports Direct. The collapse of the department store chain will be the biggest failure on the high street since the demise of Woolworths in 2008, providing the government with another headache as it attempts to save thousands of jobs in the steel industry. ...
Much like the Queen, we're all going to be working a lot longer image
Source : Guardian [Read Article] Sunday 24th of April 2016 12:56:11 PM
....What has this got to do with economics? On the face of it, not much. For many, the news coverage to mark the start of Her Majesty’s 10th decade was a blessed relief from rising unemployment and the partial nationalisation of the steel industry. ...
Much like the Queen, we're all going to be working a lot longer image
Source : Guardian [Read Article] Sunday 24th of April 2016 12:56:11 PM
....What has this got to do with economics? On the face of it, not much. For many, the news coverage to mark the start of Her Majesty’s 10th decade was a blessed relief from rising unemployment and the partial nationalisation of the steel industry. ...
It was once Britain’s motor city. Now Coventry’s wheels are turning again image
....”. The optimism in Coventry is in stark contrast to the gloom surrounding the future of the steel industry and Tata Steel’s UK business, a far more challenging investment for the Indian company. ...
Tata Steel: Welsh billionaire could plough own money into UK buyout image
Source : Guardian [Read Article] Friday 22nd of April 2016 11:14:21 AM
.... The consortium held talks all-day on Thursday at Celtic Manor, Matthews’ golf course and resort in south Wales, and welcomed the news that the government is prepared to take a 25% in the business alongside a private sector buyer. Matthews adds: “I believe the steel industry for one reason or another has reached a low point – price per tonne of steel is an example. ...
A Port Talbot buyout could transform industrial relations in the UK | Ian Greenwood image
.... It is beyond these indirect policy instruments, however, where the difficult ideological terrain lies for the Conservatives: direct state intervention. It is precisely in this policy domain where the future success, or lack of it, of the UK steel industry, lies. ...

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