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The Latest Breaking News from British Steel

Cost of taking over British Steel rises to £235m, government says

Taxpayers have been footing bill for loss-making company since April as minister acknowledges threat of EU tariffs

The Guardian - UK

British steel facing ‘existential threat’ after EU hikes tariffs

Keir Starmer said he is in talks with both the US and EU about the tariffs, which industry figures say is ‘the biggest crisis the UK steel industry has ever faced’

The Independent UK

Tata bought slabs from rival British Steel as it sought to beat Trump tariff plans

Sale of product from Scunthorpe plant came when Indian-owned firm tried to avoid US rules that were later dropped

The Guardian - UK

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Major boost for British steel with EU deal but still no confirmation over US tariffs

The government are hoping to arrange a zero-tariff deal with the US, such as is now in place with Europe

The Independent UK

British steelmakers boosted by change to EU tariffs

UK Steel director general Gareth Stace said Friday’s change is ‘excellent news’ for the sector.

The Independent UK

UK steel firms on edge as talks to cut Trump tariffs near deadline

British industry could still be hit by levy on exports to US as No 10 confirms deal on reduction not completed

The Guardian - UK

Reynolds: Port Talbot plant does not meet US rules to get steel tariff exemption

Negotiations are ongoing to secure the outstanding tariff agreements.

Evening Standard

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“The smashing glass, the police sirens — it’s telling a story with sound. You’re seeing a movie running through your head”: In a house that was home to two Beatles, a heavy metal masterpiece was born

Featuring pool cues, cutlery and other assorted effects

MusicRadar

UK manufacturing poised for funding boost to reduce energy costs

Struggling steel sector among those expected to benefit in government’s long-awaited industrial strategy

The Guardian - UK

Steel industry left out of UK-US trade deal

IN FULL

The Independent UK

Uncertainty continues over steel tariffs after Trump deal

The promised elimination of steel and aluminium tariffs was not part of the measures announced by Donald Trump during a meeting with Sir Keir Starmer.

Evening Standard

Starmer warned British jobs at risk without better trade deal from Trump

US tariffs for the steel industry will stand at 25 per cent for now – as negotiations over an improved deal continue

The Independent UK

Work to get US steel tariffs removed to go on in coming ‘days, weeks and months’

US tariffs for the steel industry will stand at 25% for now.

Evening Standard

‘Vital’ that British steel gets Trump tariff deal after UK-US trade pact, say unions

Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community union

The Guardian - UK

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The Independent UK

Rail deal worth £500m will help save Scunthorpe steelworks, says minister

Transport Secretary Heidi Alexander is visiting the Scunthorpe plant to finalise a major rail steel deal between Network Rail and British Steel.

The Guardian - UK

British Steel’s Chinese owners weigh attempt to recover millions in debts

Jingye Group thought to have engaged PwC as advisers after government took over UK company’s operations

The Independent UK

China banned from investing in Sizewell C, energy secretary Ed Miliband vows

It comes amid growing concerns over the impact of Chinese influence in British infrastructure and supply chains

The Guardian - UK

Fears Tata Steel could be excluded from Starmer’s Trump tariff deal

UK ministers working to secure carve-out from 50% rate for Indian-owned Port Talbot works

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The Guardian - UK

Why a new zero-carbon UK steel plant offers hope and a headache

Plans to build costly DRI plant in Britain to make green steel is seen by some as the future and others as a ‘white elephant’

The Independent UK

Why, after decades pushing right-wing causes, Farage has made a handbrake turn to the left

NEWS ANALYSIS: After around three decades in politics, Nigel Farage has begun to adopt left-wing policies. Political editor David Maddox explains why

The Guardian - UK

Liberty Steel’s South Yorkshire operations lost £340m in four years

Exclusive: court documents lay bare crisis at Sanjeev Gupta’s steelworks as it struggles to find buyers in face of looming liquidation

The Guardian - UK

Ministers said to be considering bill to wipe out British Steel’s debts

Chinese owner owed almost £1bn as government weighs up how best to attract buyer for Scunthorpe works

The Conversation

Continuing to seek Chinese investment in the UK comes at a heavy political price

One major consequence of the UK government’s resistance to rejoining the European single market is that it is forced to go around the world seeking trade deals and investment.

The Guardian - UK

Liberty Steel has not produced anything at two key plants since July 2024

Lack of work at Rotherham and Motherwell sites highlights financial crisis at UK’s third-biggest steel producer

The Independent UK

Revealed: How much the US-UK trade deal will save UK economy from Trump tariffs

Exclusive: The UK’s new trade deal could cut the economic damage from US tariffs in half

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