Jonathan Reynolds’s decision this summer to protect the British steel industry from cheaper Vietnamese and South Korean imports seemed to be universally welcomed. “This government is unapologetic in our support for the UK steel sector,” said Reynolds, then the business secretary, as he unveiled stringent rules on import quotas and tariffs. “It underpins Britain’s industrial
British Steel’s Scunthorpe plant, in eastern England, is owned by Chinese group Jingye. Photo: Lindsey Parnaby / AFPSource: AFP Chinese-owned British Steel on Monday launched plans to replace its coal-powered blast furnaces with electric technology that emits less pollution, but unions warned it would threaten up to 2,000 jobs. The company, which is owned by
UK saved 1800 jobs in the steel industry with a £30mn emergency COVID loan. AFP News/TOBY MELVILLE The UK government helped a steel company in times of need during the pandemic which resulted in saving 1,800 jobs in the country and now the company has fully repaid the loan, securing payments for the taxpayers.The steel
This article originally appeared in Grist. In the Mon Valley of western Pennsylvania, steel was once a way of life, one synonymous with the image of rural, working-class Rust Belt communities. At its height in 1910, Pittsburgh alone produced 25 million tons of it, or 60 percent of the nation’s total. Bustling mills linger along