British Steel
| Use attributes for filter ! | |
| Ceased operations | October 6, 1999 |
|---|---|
| Headquarters | London |
| United Kingdom | |
| Successor | Tata Steel Europe |
| Founded | 1967 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2333535 |
About British Steel
British Steel plc was a major British steel producer. It originated from the nationalised British Steel Corporation, formed in 1967, which was privatised as a public limited company, British Steel plc, in 1988. It was once a constituent of the FTSE 100 Index.
British Steel to shut furnace putting up to 2,000 jobs at risk
...British Steel plans to close down its blast furnace in Scunthorpe, putting up to 2,000 jobs at risk...
Steel industry fears more job cuts without help
... Gareth Stace, director general of industry body UK Steel, said British Steel s decision to axe 260 jobs could be the start of a trend in the sector...
British Steel plans to close ovens and cut 260 jobs
...British Steel has said it is planning to close its coking ovens in Scunthorpe which could result in the loss of up to 260 jobs...
British Steel considering 800 job cuts in Lincolnshire
...British Steel is considering 800 job cuts centred on its Scunthorpe plant, the BBC understands...
Government to offer £600m for green steel switch
... The funding for British Steel and Tata Steel UK is likely to be unveiled by the Chancellor, Jeremy Hunt, this week...
UK steel industry a whisker away from collapse - Unite
... Writing to Mr Shapps on behalf of two other unions as well - Community and GMB - Mr Turner said the challenges faced by manufacturers like British Steel, Tata Steel, and were the consequences of " direct actions by your government that have...
UK poised to give £300m in rescue funding to British Steel
...Chancellor Jeremy Hunt is poised to grant a £300m funding package for struggling British Steel, the BBC has been told...
Steel import tariffs extended for two years
... British Steel producers are under pressure from soaring energy prices...
Steel industry fears more job cuts without help
By Michael RaceBusiness reporter, BBC News
The UK steel industry has raised concerns That more jobs could be cut before any government support for electricity bills kicks in.
Gareth Stace, director general of industry body UK Steel, said British Steel 's decision to axe 260 jobs could be the start of a trend in the sector.
The government has set out plans to reduce electricity costs for energy-intensive industries from next year.
Electricity costs have soared for firms which make steel, paper and chemicals.
On Thursday, the government proposed changes That it said would bring the energy costs of the UK's energy-intensive industries In Line with those charged in The World 's other major economies.
Some 300 firms - which employ 400,000 Workers - That make steel, paper, chemicals and other metals stand to benefit from The Changes which would see them exempt form certain costs and taxes.
Business and Trade Secretary Kemi Badenoch said the support would mean " UK industries like steel and chemicals remain competitive on The World stage".
Making steel requires a lot of energy, and with prices soaring in recent months, the costs of making the metal have also gone up.
Steel manufacturers, however, are paying about 60% more for electricity than their counterparts in other countries such as Germany, according to industry body UK Steel, due to added levies and carbon costs.
Mr Stace said the proposals from the government were " very welcome" and would go a " long way to bridging the gap" between what UK steelmakers pay compared to competitors in Europe.
But He Said the fact That the proposals are set to be consulted on in The Spring and are not being implemented straight away was " particularly concerning".
" We might see our electricity prices Going Down in just over a year's Time - Well , just over a year's Time Is a long Time In steel, " he told The Bbc 's Today programme.
He Said he feared That if there was not a " competitive business environment" in the UK for the steel sector, investment would dwindle and more announcements similar to British Steel 's could follow.
On Wednesday, British Steel announced it would shut its coking ovens in Scunthorpe and
Unions said The Move was a concerning indicator about the health and future of the UK steel industry, with the biggest steelworkers' union adding British Steel cuts could have a " catastrophic impact" across the UK.
The new proposals come after the government extended an Energy Intensive Industries Compensation Scheme for a further three years and More Than doubled its budget.
The scheme provides businesses with relief for the costs of certain levies in their electricity bills.
Related TopicsSource of news: bbc.com
