Steel News 2023 #uk steel

6 November 2023: UK Steel comments on British Steel's proposed plan for £1.25 billion investment to adopt electric arc furnace steelmaking. With British Steel’s announcement, it is clear the UK steel sector is completely committed to rapid decarbonisation. Just one year after publishing the sector’s Net Zero roadmap, the UK’s major steel producers are taking crucial steps to decarbonise by 2035.

23 October 2023: We welcome Labour’s continued commitment to the future of our steel industry. Steel is a strategically vital core product that no developed economy can be without.

2 October 2023: UK Steel has today unveiled its report “Why the UK needs a strong steel sector”. The UK’s steel industry is the bedrock of the UK’s supply chains, central to the country’s economic potential and our resilience at a time of geopolitical turbulence. Now is the time to be bold and seize the opportunity to lead the world by building a Net Zero steel sector.

5 September 2023: Andy Street, Metro Mayor for the West Midlands, signed the UK Steel Charter, committing to using UK-made steel wherever possible in key projects in his region.

4 July 2023: The Government published its response to its UK Emission Trading Scheme (UK ETS) consultation announcing that the scheme will have a tighter limit on industrial, power and aviation emissions, maintaining the existing free allowances until 2026.

12 May 2023: UK Steel releases its latest statistics report which shows production levels of UK steel in 2022 dropped to their lowest since the Great Depression.

30 March 2023: the UK Government announced it will consult on a Carbon Border Adjustment Mechanism (CBAM) and other carbon leakage measures.

12 January 2023: Today’s restructuring announcement from Liberty Steel highlights the significant challenges UK steel companies face navigating the current harsh market conditions.