#steel-industry

#steel-industry

Tata Steel's closure of Port Talbot's furnaces raises concerns about job losses amidst a bid for greener steel production.

The current government has made more progress in the steel industry in two months than the last government did in years, but acknowledges the deal isn't ideal.

Tata Steel is cutting thousands of jobs at its plant in Port Talbot, south Wales, after closing its blast furnaces at the site.

Tata Steel rejected a plan by GMB and Community unions to keep the furnaces open while transitioning to greener production.

Sir Keir Starmer acknowledges the difficult situation for Port Talbot steel workers but insists on the need for honesty and ongoing efforts to preserve jobs.

Over 2,500 jobs are being lost in Port Talbot as Tata Steel implements a new plan with government support, prompting concerns about worker protection.

ThyssenKrupp Steel Europe will cut its workforce from 27,000 to 16,000 over six years.

ThyssenKrupp is eliminating up to 11,000 jobs by 2030 to combat economic weakness and remain competitive in the steel market.

ArcelorMittal is closing two French plants due to sharp declines in activity from key customers, impacting employment.

Thyssenkrupp Steel Europe plans substantial job cuts, notably affecting the Kreuztal-Eichen plant, leading to widespread employee distress and community ramifications.

Stegra aims to decarbonize steel production using green hydrogen, reflecting ambitious long-term goals with a recent rebranding from H2 Green Steel.

Marcegaglia Stainless Sheffield will invest £50 million in a new Electric Arc Furnace, enhancing productivity and creating jobs by mid-2026.

Biden is expected to block Nippon Steel's acquisition of U.S. Steel due to political pressures and national security concerns.

Biden may delay decision on blocking Nippon Steel's takeover of US Steel until after the presidential election.

The Biden administration is preparing to block the $14 billion buyout of U.S. Steel by Nippon Steel, jeopardizing its financial stability.

Harris asserts US Steel should remain domestically owned, opposing Nippon Steel's acquisition and emphasizing support for American steelworkers.

Cleveland-Cliffs offers to buy US Steel's mills amid potential blocking of US Steel's sale to Nippon Steel.

U.S. Steel is in financial trouble, with Nippon Steel as a potential buyer facing U.S. government barriers.

British Steel's early closure of blast furnaces may result in 2,500 job losses, impacting the local community severely.

The British government and Tata are investing in greener steel production but will result in significant job losses.

The Port Talbot steelworks in Wales will shut down its blast furnaces, resulting in the loss of up to 2,800 jobs and significant impact on the community.

Tata Steel, the parent company, deemed the trade union's proposals to continue production at the plant unfeasible and unaffordable during the transition to greener steelmaking operations.

Steelworkers in Lincolnshire face anxiety over potential job losses due to planned furnace closures by Christmas as part of a decarbonisation initiative.

The UK government is finalizing a £500 million rescue package to support Tata Steel's shift to greener production methods.

Biden considers tripling tariffs on Chinese steel and aluminum to protect American industries and show toughness on China.

President Biden plans to triple tariffs on Chinese steel and aluminum to protect American producers, emphasizing the intersection of trade policy and reelection strategy.