Etichetta: steel

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MPs call for inquiry into Liberty Steel tycoon Sanjeev Gupta

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The metals tycoon Sanjeev Gupta should be investigated for potential breaches of his duties as a company director, according to a scathing report by MPs that said his leadership threatened the future viability of Libe...

Chuck Steel: Night of the Trampires review – gleefully violent 80s throwback

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If the animators of Aardman, the company behind Wallace and Gromit, gave up crumpets and custard creams, switched to an intravenous diet of raw steak and steroids, and were forced to watch trashy 80s movies 24/7 for a...

UK steel: European rivals laughing at us over energy crisis

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UK steel manufacturers have made a fresh appeal for urgent government intervention in the energy crisis, warning they are the laughing stock of Europe after being forced to pause production on multiple occasions recen...

Steel will be vital to the green revolution, but our industry needs help to change

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When I say to people that steel is a vital part of the solution to the climate crisis, I get a lot of confused looks. The global steel market is currently worth an estimated $2.5tn (£1.8tn) and produces 9% of global e...

UK steel industry says energy loan plan is just a ‘sticking plaster’

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The steel industry has said government proposals to lend money to heavy industry to help energy-intensive businesses survive the impact of soaring gas prices would be little more than a “sticking plaster”. Uncertainty...

Liberty Steel owner GFG to restart Rotherham and Stocksbridge plants

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The owner of Liberty Steel has pledged to restart its plants in Rotherham and Stocksbridge in South Yorkshire this month, saving the “substantial majority” of 1,000 lavori, by pumping £50m in cash into the business. Il...

Fears furlough ‘cliff edge’ at Liberty Steel could puts jobs at risk

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Ministers and unions fear that Liberty Steel faces a “cliff edge”, risking thousands of jobs when the UK’s furlough scheme ends next month, unless owner Sanjeev Gupta can secure a new source of financing after months...

"Acciaio verde": L'azienda svedese spedisce il primo lotto prodotto senza utilizzare carbone

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La prima consegna al cliente al mondo di "acciaio verde" prodotto senza l'utilizzo di carbone sta avvenendo in Svezia, secondo il suo produttore. L'impresa svedese Hybrit ha detto che stava consegnando l'acciaio al produttore di camion Vol...

England’s cathedrals host art from Sheffield steel to a model moon

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A partire dal 18,000 paper doves suspended on 15 miles of ribbon in Liverpool to an illuminated model of the moon in Bristol and a celebration of steel in Sheffield, England’s newly reopened cathedrals are hosting an eclectic ...

Will Sydney’s Covid lockdown work and how different are restrictions to Melbourne’s ‘ring of steel’?

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Greater Sydney’s lockdown has already been extended by another four weeks but New South Wales health authorities are facing questions about what more can be done to limit the spread of Covid-19, as well as criticism f...

UK steel industry welcomes extension of protectionist tariffs

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The steel industry has welcomed the government’s extension of measures to defend the ailing sector from a flood of cheap imports. Liz Truss, the international trade minister, said the government had overruled the Trad...

MPs accuse Lex Greensill of ‘disrespect’ after he fails to attend steel inquiry

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MPs have accused financier Lex Greensill of acting suspiciously and being disrespectful towards parliament by refusing to appear in front of an inquiry into the steel industry and one of Greensill Capital largest borr...

Business secretary criticises ‘financial engineering’ at Liberty Steel

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The UK business secretary has criticised the use of “financial engineering” and debt by Sanjeev Gupta’s Liberty Steel as the steelmaker prepares to sell off several plants. Kwasi Kwarteng said there was “healthy inter...

Liberty Steel wants to buy time, but who will want to snap up its assets?

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Liberty Steel plans to sell Yorkshire plant to stay afloat

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Liberty Steel has said it plans to sell its aerospace steel business based in Yorkshire as part of a restructuring deal as it tries to ensure its survival. The steelmaker, which is owned by the metals magnate Sanjeev ...

Sanjeev Gupta close to winning £200m loan to save Liberty Steel

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Metals magnate Sanjeev Gupta is close to securing a £200m loan for Liberty Steel UK, which would hand a lifeline to Britain’s third largest steel business and help stave off thousands of job losses. It is understood t...

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