Tag «UK Steel»

New report: Persistently high electricity prices threaten steel sector’s ability to compete with European competitors

A new report shows that UK steel producers today pay 62% more for electricity than their competitors in Germany and 80% more than in France Despite wholesale prices dropping over the past year, there remains a persistent gap between UK industrial power prices and those elsewhere, with German and French steelmakers paying £19/MWh and £22/MWh …

Government Response to the Helm Review on the Costs of Energy

Commenting on the Government’s official response the Cost of Energy Review, UK Steel’s Director General, Gareth Stace, said: “Today’s statement by Greg Clark shows the Government has failed to grasp the fundamental impact uncompetitive electricity prices are having on the steel sector in the UK. Today’s effective ruling out of any further short term solutions …

UK Steel Director on US Section 232 Steel Tariffs

US Section 232 Steel Tariffs: Commenting on the confirmation of 25% tariffs on steel exports from the EU to the US, UK Steel Director, Gareth Stace said: “President Trump had already loaded the gun and today, we now know that the US Administration has unfortunately fired it and potentially started a damaging trade war” “Since President …

US Section 232 Tariffs on Steel: UK Steel and Community Union

  Commenting on President Trump’s signing of the Presidential Proclamation on steel and aluminium tariffs, Gareth Stace, UK Steel Director, said: “The UK steel sector has kept its fingers crossed for the last week, hoping that the official introduction of tariffs on steel would ultimately be more targeted and focussed. “Regrettably today’s announcement confirms our …

Steel Associations Call on G7 Nations to Take Action to Address Global Overcapacity in Steel

Twelve global steel trade associations today released a statement urging the leaders of the G7 nations to take steps to address the current global steel overcapacity situation which is negatively affecting economies, industries and workers around the world. The American Iron and Steel Institute (AISI), the Japan Iron and Steel Federation (JISF), Eurofer (the European …