Steel Yourself!

Why did the British steelworker bring a ladder to work? Because he heard the government was taking over and wanted to reach the high steel prices!

South Korean steelmaker POSCO is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana as the country's #steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday.

> #POSCO said the company was considering various strategic options regarding its investment in the United States, but nothing had yet been decided.
https://www.channelnewsasia.com/business/south-koreas-posco-considers-joining-hyundai-steels-58-billion-steel-plant-project-us-reports-say-5063046 #Louisiana #SouthKorea

South Korea's POSCO considers joining Hyundai Steel's $5.8 billion steel plant project in US, reports say

SEOUL : South Korean steelmaker POSCO is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana as the country's steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday.Hyundai Steel said it did not have any comment on the matter.

CNA

There has been a lot of talk about "virgin" #steel production recently and the potential closure of blast furnaces. Are blast furnaces really the still the best way to make steel that supports our national security? Can electric arc furnaces not do the same?

I get that grid costs are a factor but if we are going to be nationalising a loss making industry for security shouldn't we move to more modern techniques quickly and accelerate the funding of the #grid greening?

Steel as essential for defence: 'Britain’s steelworks are anyway not entirely self-sufficient. They rely on imports of coal and iron ore from countries like Australia, Brazil, South Africa and Sweden. Nor were they self-sufficient in times of war. In the period leading up to the second world war, Britain sourced large quantities of iron from Sweden to make weapons'

https://www.economist.com/britain/2025/04/13/britains-rushed-muddled-intervention-in-the-steel-industry

#UK #steel #manufacturing #BritishSteel

Britain’s rushed, muddled intervention in the steel industry

Even the government’s strongest argument, national security, needs closer scrutiny

The Economist
I bought a 2023 specialized stump jumper in carbon fiber over winter with plans of riding a mtb on the trails by my house and surrounding area. All I’ve done is ride my fully rigid #steel and #aluminum bikes. Now I want to sell this 2k+ contraption for an #omnium #cargobike - they’re next to impossible to find on the secondary market in the US though
The #UK Government has taken urgent action to safeguard #British #steel production by recalling Parliament to pass emergency legislation aimed at keeping the #Scunthorpe steel plant operational. This follows British Steel’s owner, Jingye, announcing immediate closure of its blast furnaces despite a £500m government co-investment offer. The new law grants powers to direct the company’s operations, ensure workers are paid, and maintain furnace activity, with protection for staff defying closure orders. This exceptional intervention aims to protect jobs, national security, and vital supply chains, ensuring steel supply for major infrastructure projects like housing and transport under the Plan for Change. Funding will come from the existing £2.5bn steel fund within current budgets, with no new borrowing, reflecting the Government’s commitment to securing key industries and strengthening the UK’s economic resilience.
https://www.gov.uk/government/news/government-acts-to-save-british-steel-production
Government acts to save British steel production

Urgent action by the Government sees vote on emergency powers to save British steel production.

GOV.UK

"""
The UK government took effective control Saturday of Britain’s last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

(...)

Jingye has said the Scunthorpe plant is losing 700,000 pounds ($910,000) a day as a result of challenging market conditions and increased environmental costs.
"""

https://edition.cnn.com/2025/04/12/europe/uk-takeover-british-steel-chinese-jingye-intl-latam/index.html

#UK #steel

British government takes over running of UK’s last major steel plant from Chinese owner Jingye

The UK government took effective control Saturday of Britain’s last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

CNN
Steel, the star of 'Gladiator,' provides an update on his life following a sad tragedy
https://newstainmentora.blogspot.com/2025/04/steel-star-of-gladiator-provides-update.html
#steel #Gladiator #gladiator2 #GladiatorII
Jimmy Fallon previews his first-ever children's book

  Jimmy Fallon, a prominent TV personality and comedian, has recently revealed the first details of his new business, which will launch in l...

NewsTainmentOra
Ministers accuse British Steel’s Chinese owner of trying to ‘irrevocably’ shut down blast furnaces | The Independent www.independent.co.uk/news/uk/poli... #Steel

Ministers accuse British Steel...
Starmer delays holiday to attend emergency session of Parliament to save British Steel

Labour prime minister has warned the UK’s ‘economic and national security’ at risk if Scunthorpe plant closes

The Independent

Ministers accuse British Steel’s Chinese owner of trying to ‘irrevocably’ shut down blast furnaces | The Independent
https://www.independent.co.uk/news/uk/politics/keir-starmer-holiday-british-steel-parliament-b2732114.html

#Steel

Starmer delays holiday to attend emergency session of Parliament to save British Steel

Labour prime minister has warned the UK’s ‘economic and national security’ at risk if Scunthorpe plant closes

The Independent