Steel plants deal agreed by Scottish Government and Liberty House
Metals firm Liberty House has signed a deal to buy two mothballed Lanarkshire steel plants.
Metals firm Liberty House has signed a deal to buy two mothballed Lanarkshire steel plants.
The first meeting of a government-convened group aimed at tackling the crisis in the steel industry will be held on Wednesday.
Steelworkers from across the UK have travelled to Parliament to warn that their industry is still in crisis and needs support.
Steel company bosses will join thousands of steelworkers in a huge demonstration in Brussels on Monday calling for urgent action to help their crisis-hit industry. Hundreds of workers from the UK will be among those pressing for the European Commission to tackle cheap Chinese steel being “dumped” across Europe.
A proposed tariff of 1.65% on some Chinese steel products brought into Europe has been slammed as a “slap in the face” for the crisis-hit UK industry. The European Commission published the provisional figure after a nine-month investigation into imports of reinforced steel bar.
The shale gas industry offers “one of those rare opportunities” to create a new demand for steel, offering a potential boost to Britain’s troubled steel industry, a Labour MP has suggested. Angela Smith described the opportunities the shale gas industry could create for steel manufacturing as the “most exciting prospect”, adding it could offer a “new sense of hope therefore for a positive future for what is one of our foundation industries”.
The “devastating” impact of the crisis gripping the steel industry has been revealed in figures showing how difficult it is for workers to find other jobs. A government report showed that over half of SSI steel workers in Redcar are still looking for work four months after the plant closed.
The crisis-hit steel industry has been dealt a fresh blow with news of more job losses.
Unions are planning a protest next month outside a conference in Brussels to discuss the problems being faced by energy-intensive industries, including steel. Thousands of jobs have been axed in the UK in recent months as steel firms struggle with high energy prices and cheap Chinese imports.
Steelmaking companies in the UK are pressing the Government to ease the crisis in their industry by tackling “unfair dumping” of products.
Steel workers will lobby MPs today as part of growing demands for Government action to tackle the crisis in their industry.
China should not be made a “scapegoat” for the collapse of the UK’s steel industry, Sir Vince Cable has said, accusing the Treasury of holding back with financial assistance that could help relieve pressures. The Liberal Democrat former business secretary said David Cameron should urge action from Beijing to curb production and noted there was a technical question to be examined over whether China was guilty of illegal “dumping”. But he insisted there had been “endless problems with steel” unrelated to China while he was in government that ministers had some power to alleviate.
The steel industry is braced for fresh job losses amid a continuing crisis in the sector which has already led to the closure of a giant plant.