Tag #Steel Industry

Showing 73 to 84 of 155 results

lemonde.fr
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UK Government Takes Control of British Steel Blast Furnaces

The UK Parliament initiated emergency proceedings on April 12th to authorize government control of British Steel's last two blast furnaces, averting the loss of 2,700 jobs and preventing irreversible damage to the UK's steel production capacity. The government aims to explore options to keep the pla...

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dw.com
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UK Government Takes Control of British Steel

The UK government assumed control of British Steel, the last primary steel producer in the UK, on April 12th, to prevent its closure by financially struggling Chinese owner Jingye Group, avoiding the UK becoming the only G7 nation without primary steel production and mitigating risks of national sho...

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theguardian.com
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UK Government Intervenes to Rescue British Steel

The UK government will spend millions to rescue British Steel from collapse after its Chinese owner, Jingye, said it could not afford to keep the Scunthorpe plant open, prompting concerns about mass redundancies and the loss of the last remaining maker of mass-produced virgin steel in England.

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politico.eu
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UK Parliament to Debate Emergency Legislation for British Steel

The UK parliament will recall on Saturday to debate emergency legislation to place British Steel under state control, preventing the closure of its Scunthorpe plant, which would threaten 3,000 jobs and leave the UK as the only major G7 economy unable to produce virgin steel.

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elpais.com
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UK Averts British Steel Closure with Emergency Parliament Session

The UK government is holding an emergency parliamentary session to prevent the closure of British Steel's last two blast furnaces, saving 2,700 jobs, after unsuccessful negotiations with the Chinese owner, Jingye, amid rising global instability and US tariffs.

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forbes.com
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Trump Administration to Review Blocked Nippon Steel-U.S. Steel Merger

The Trump administration is reconsidering the blocked $14.9 billion acquisition of U.S. Steel by Nippon Steel, a deal that the Biden administration rejected in January 2025 due to national security concerns despite potential benefits for U.S. steel industry competitiveness, job creation, and counter...

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dw.com
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UK Government Takes Emergency Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after negotiations with the Chinese owner, Jingye Group, failed. The plant is the UK's last maker of virgin steel.

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theguardian.com
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Scunthorpe Steelworks Faces Closure: Urgent Calls for Nationalization

The Scunthorpe steelworks, employing thousands and vital for national security, faces closure due to Chinese owner Jingye's reported daily \£700,000 losses, prompting calls for government nationalization to prevent 2,700 direct job losses and safeguard the steel industry.

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news.sky.com
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UK Government Takes Control of British Steel's Scunthorpe Plant

The UK Parliament passed an emergency bill granting the government control of British Steel's Scunthorpe plant, preventing its closure, safeguarding 3,500 jobs, and securing the UK's primary steelmaking capacity after negotiations with the Chinese owner Jingye failed.

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politico.eu
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UK Government Intervenes to Save British Steel Plant

The UK government will temporarily take control of British Steel's Scunthorpe plant, saving 3,000 jobs, after its Chinese owner threatened closure due to financial losses, prompting a political debate and impacting upcoming local elections.

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zeit.de
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Salzgitter Abandons Takeover Bid Amid Valuation Dispute

Salzgitter AG terminated merger talks with a consortium offering €18.50 per share due to valuation disagreements, causing a 5.3% share price drop; the decision follows opposition from the state government and trade union, and the company will now implement a more aggressive cost-cutting plan.

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europe.chinadaily.com.cn
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Trump Orders Review of Nippon Steel's US Steel Bid

President Trump ordered a national security panel to review Nippon Steel's bid for US Steel, potentially overturning former President Biden's January 2024 rejection on national security grounds, prompting significant stock market increases for both companies.

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Showing 73 to 84 of 155 results