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#steel

41 posts34 participants0 posts today

#steel #UK

"Parliament will be recalled on Saturday to pass an emergency law to save British Steel's plant in Scunthorpe from imminent closure.

At a press conference, Sir Keir Starmer said the legislation would allow ministers to 'take control' of the Lincolnshire plant, which employs 2,700 people.

The move stops short of fully nationalising the company at this stage, but the prime minister said 'all options' remained on the table."

bbc.com/news/articles/cx20jr8r

Keir Starmer stands at a podium reading "Securing Britain's Future". He is flanked by two British flags
www.bbc.comBritish Steel: Government aims to take control with emergency lawParliament will be recalled for a rare Saturday sitting in a bid to save the company's owner from closing the site.

I see we are #nationalising #steel now- but it needs an emergency law and Parliament sitting on a Saturday to do so. The #UK government can no longer leave such strategic industries in private (or foreign- in this case, Chinese) hands on these uncertain times. Apparently the biggest customer of the Scunthorpe plant is Network #Rail- it's the only plant making steel rails in the UK

Continued thread

The WH clarified that the 125% tariff rate on #China is in addition to Trump’s previous 20% tariff on China for its role in supplying #fentanyl & fentanyl precursors. So Trump has added #tariffs of 145% to China since coming into office.

This is on top of levies Trump put on China in his 1st term, which ranged up to 25% They also go on top of other tariffs the US has put on Chinese products for violating #trade rules, as well as Trump’s #tariffs on #steel, #aluminum & #cars.

Ruthven food processor urges feds to axe reciprocal steel tax or store prices will rise
Ontario company makes 33 different types of tomato products, as well as 13 types of processed beans, under the Unico and Primo brand names. Almost all of the products are sold in cans made of steel and tinplate that come from a company in Philadelphia.
#trade #tax #food #steel #Ontario #Philadelphia
cbc.ca/news/canada/windsor/foo

Some facts about the #economy - The #WhiteHouse says the 25% #tariff on goods from #Canada and #Mexico will stay in place. #EuropeanUnion #EU officials have approved a new round of #retaliatory #tariffs on U.S. goods. Starting as soon as April 15, the tariffs—ranging from 10% to 25%—will apply to over $24 billion worth of products, including #tobacco, #motorcycles, #poultry, #steel, and #aluminum. #trump announced on #TruthSocial that #maga should buy stock this morning - we did not see that!

Continued thread

The 27-nation bloc faces 25% import #tariffs on #steel & #aluminium & #cars as well as the new broader tariffs of 20% for almost all other goods under #Trump's policy to hit countries he says impose high barriers to US imports.

The #EU will put in place duties mostly of 25% on a range of #US imports from next Tues in response specifically to the US #metals tariffs. The bloc is still assessing how to respond to the car & broader levies.

Whyalla steelworks administrator launches legal action to regain control of port operations
By Daniel Litjens

KordaMentha is attempting to take control of the Whyalla port from its current operator, a subsidiary of GFG Alliance.

abc.net.au/news/2025-04-08/why

ABC News · Whyalla steelworks administrator KordaMentha launches legal challenge to claim control of port from GFG AllianceBy Daniel Litjens

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on and , a document seen by Reuters showed. The tariffs on some goods will come into effect May 16 and other later in the year, on December 1, the document said. FRANCE 24's Dave Keating reports from Brussels.

youtube.com/watch?v=Q27qTlo1RoU