7 October 2024: A group of trade associations, businesses, and union from heavy-end electricity users to the renewable energy developers have written to Secretaries of State Ed Miliband and Jonathan Reynolds raising concerns over electricity market reforms, specifically the proposed zonal pricing model.
Read More7 October 2024: A new report published by UK Steel says that excess steel capacity worldwide, built due to non-market forces such as state subsidies, could easily cancel out the UK Government’s steel investments if not taken seriously and tackled with new bold trade policies.
Read More27 September 2024: This is a huge win for UK Steel, which has advocated that all carbon leakage policies should be aligned and strongly urged the Government to ensure that any changes to UK ETS and free allocations only happen in parallel with the introduction of the UK CBAM.
Read More16 September 2024: The Prime Minister confirmed in a statement today that Marcegaglia Stainless will be investing £50 million to build a new Electric Arc Furnace (EAF) to upgrade its existing site in Sheffield. The new ‘state of the art’ EAF will increase annual plant productivity to over 500,000 tonnes of stainless steel products, bringing efficiency and environmental improvements, and creating 50 new jobs.
Read More11 September 2024: Tata Steel and the UK Government has formally signed a grant funding agreement worth £500m, allowing Tata Steel to proceed with its plans to install a state-of-the-art Electric Arc Furnace at its Port Talbot steelworks in Wales. This signifies the biggest investment in the UK’s modern steel sector, as Tata Steel is inputting another £750m.
Read More2nd Sept 24: UK Steel's new report on industrial electricity prices, featured in The Times, demonstrates that a sizable gap remains between what UK steelmakers and their European competitors pay. The report also sets out three recommendations to bring electricity prices in line with European counterparts.
Read More9 July 2024: The Chancellor Rachel Reeves and the Business Secretary, Jonathan Reynolds, alongside Secretary of State for the Department for Energy Security and Net Zero Ed Miliband, have today announced the new National Wealth Fund. The plans will align key institutions that will boost growth and unlock investment.
Read More4 July 2024: New UK Steel analysis, featured in The Guardian, shows that over the past three months, the UK’s electricity wholesale price is more than double the cost of French and Spanish electricity. The data shows an alarming new trend in industrial electricity costs, and it is critical that the next government resolves the problem regardless of the outcome of the General Election.
Read More26 June 2024: The Secretary of State for Business and Trade, Kemi Badenoch, has given the go ahead to extend the UK’s steel safeguards for all 15 product categories until June 2026. The trade remedy tool can only be applied until June 2026 according to World Trade Organisation rules. With global steelmaking capacity only on the rise, the problems faced by the steel sector will not go away any time soon and UK Steel is now working on new models for future remedies.
Read More24 June 2024: New analysis by UK Steel, featured in The Times, has found that current government infrastructure projects may spend over £1.5 billion on steel bought from abroad. Over the next decade, existing government figures show a steel order book spend worth an estimated £4.3 billion. However, the latest data confirms that only 66% of this steel is purchased from UK steelmakers.
Read More10 June 2024: UK Steel’s election manifesto sets out a comprehensive strategy to secure the sector for the good of the country and to put steel front and centre of the political conversation.
Read More31 May 2024: The UK Steel Key Statistics Guide 2024 provides up to date, at-a-glance information illustrating the scale of the economic contribution of the steel sector to the UK's economy.
Read More18 December 2024: By confirming a CBAM from 2027 instead of matching the EU’s 2026 timeline, the Government risks high-emission steel being dumped in the UK from 2026 when the EU CBAM takes effect.
Read More4 December 2023: A new report, unveiled by UK Steel, urges the Government to capitalise on the UK’s current competitive advantage, that we generate over 10 million tonnes of steel scrap each year, to create the conditions needed for a vibrant, circular economy that makes the best domestic use of this vital material.
Read More22 November 2023: The Chancellor has today missed a major opportunity to confirm that the UK will implement a Carbon Border Adjustment Mechanism (CBAM) in his Autumn Statement. UK Steel, the trade association for steel companies in the UK, says that the country is now in danger of playing catch-up with the EU on timetables, leaving a critical, trade-exposed industry at risk.
Read More13 November 2023: UK Steel has today launched a report showcasing the vast chasm between UK industrial electricity prices and what European competitors pay, setting out four recommendations to deliver competitive electricity prices for the UK steel industry.
Read More6 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.
Read More23 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.
Read More11 October 2023: The Government has today published the Network Charging Compensation scheme. This follows the announcement of the Industrial Supercharger Scheme in February and a consultation with industry on network charges. Today’s announcement confirms that Government will compensate industry for 60% of the network charges it faces.
Read More2 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.
Read More15 September 2023: "This is an important day for the UK steel sector. Government has confirmed its firm and bold commitment to the future of steelmaking here in the UK."
Read More5 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.
Read More4 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.
Read More12 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.
Read More14 December 2022: Electricity prices have risen to over £1,500/MWh this week, over 30 times the historical average, forcing some steelmakers to cease production temporarily.
Read More28 September 2022: Following the establishment of the new government and appointment of key positions, UK Steel sets at in this document it five key policy priorities to deliver a sustainable future of the UK steel sector and the fundamental reasons why domestic steel production is so important to the UK.
Read MoreJuly 2022: To create a Net-Zero steel sector in the UK and meet Government targets, a new report from UK Steel calls for a renewed focus on establishing a positive policy environment for steelmaking.
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