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    British Steel Ltd

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    • Monday, 6 November, 2023
      British Steel to shut blast furnaces putting 2,000 jobs at risk

      Company plans replacement with less carbon-heavy electric arc furnaces

      An aerial view of the British Steel works in Scunthorpe, England
    • Friday, 3 November, 2023
      British Steel closes in on £500mn taxpayer support package

      Chinese owner Jingye hopes to secure more money as it prepares to unveil restructuring plans

      An aerial view of the British Steel works in Scunthorpe, England.
    • Thursday, 23 February, 2023
      UK energy
      Energy-intensive UK companies set to receive state support

      Plans being drawn up as British Steel announces up to 260 job cuts to confront soaring costs

      A steelworker watches as molten steel pours from one of the blast furnaces at British Steel’s Scunthorpe plant
    • Thursday, 2 February, 2023
      UK manufacturing
      British Steel censured over 800 job cuts plan amid state aid talks

      Business minister says UK government has put forward ‘generous’ £300mn package

    • Wednesday, 1 February, 2023
      Fears grow over fate of 800 jobs at British Steel

      Workers told of cuts being considered by owner Jingye despite offer of £300mn government support package

      British Steel site at Scunthorpe
    • Friday, 20 January, 2023
      UK politics
      Hunt set to sign off on support for UK steel groups

      New aid package for British Steel and Tata Steel UK will be tied to green pledges

      A blast furnace worker at Tata Steel’s Port Talbot site in south Wales
    • Sunday, 1 January, 2023
      UK manufacturing
      Hunt considers taxpayer rescue of British Steel blast furnaces

      Cabinet members lobby chancellor to offer £300mn to save the group’s Scunthorpe site

      A worker watches as molten steel pours from one of the blast furnaces at the British Steel Scunthorpe plant
    • Friday, 2 December, 2022
      Financial Conduct Authority UK
      FCA issues first fine in British Steel pension mis-selling scandal

      Welsh financial adviser hit with £2.4mn penalty for ‘woeful’ guidance to quit defined benefit schemes

      A steelworker at a British Steel plant
    • Monday, 28 November, 2022
      UK mis-selling
      Cost of funding pension scandal payout for UK steelworkers falls sharply

      Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

      View of Tata steel works in Port Talbot
    • Wednesday, 12 October, 2022
      British Steel auditor Mazars resigns over fee disagreement

      Struggling steelmaker remains in talks with UK government over support package of up to £500mn

      A British Steel blast furnace in Scunthorpe
    • Sunday, 2 October, 2022
      UK manufacturing
      British Steel’s Chinese owner seeks multimillion-pound government rescue package

      Company says soaring cost of carbon permits is adding to financial woes

    • Thursday, 31 March, 2022
      UK mis-selling
      FCA’s redress scheme for steelworker pension mis-selling comes under fire

      Advocates describe regulator’s proposal as ‘compensation on the cheap’

      An employee secures a finished steel coil at the Liberty Steel’s Thrybergh mill in Rotherham, UK
    • Friday, 11 March, 2022
      British Steel lifts prices by ‘record 25%’ in face of soaring costs

      Increases will add to pressures on construction projects including HS2 rail line

    • Wednesday, 22 December, 2021
      FCA to consider redress scheme for British Steel pensioners

      Watchdog plans to look at forcing IFAs to compensate thousands of workers caught up in scandal

      A blast furnace at Corus Port Talbot Works, South Wales
    • Monday, 9 August, 2021
      Pensions industry
      UK regulator fines ‘incompetent’ adviser £1.3m over steel pensions

      Geoffrey Armin ‘disregarded’ information in directing clients to transfer out of scheme

    • Wednesday, 30 June, 2021
      UK trade
      UK unveils emergency legislation to protect domestic steelmakers

      Move follows fierce lobbying over fears of cheap imports but flies in face of new post-Brexit trade regime

    • Wednesday, 19 May, 2021
      FT CollectionsGreensill Capital
      British Steel’s Chinese owner sets sights on Gupta’s UK plants

      Jingye Group tells government it is ready to take on parts of Liberty Steel if industrialist fails to find fresh financing

      The Liberty Steel site in Rotherham
    • Friday, 19 March, 2021
      Liberty Steel Group Holdings UK Ltd.
      UK draws up plans to run Liberty Steel if Gupta’s GFG collapses

      Industrial group seeking new financing after failure of Greensill Capital, its main lender

    • Tuesday, 16 March, 2021
      British Steel boss Ron Deelen to resign at end of March

      Departure comes just over a year after Chinese takeover of UK’s second-largest steelmaker

    • Thursday, 23 July, 2020
      French court rejects Chinese bid for former British Steel factory

      Decision comes as tensions rise over trade and investments by Chinese groups in Europe

      The Hayange facility in north-east France was one of British Steel’s few profitable units, and the court’s decision will deal a blow to Jingye’s ambitions
    • Thursday, 2 July, 2020
      British Steel’s Chinese owner in last-ditch push to buy French factory

      Jingye’s bid for plant at risk due to unease over Chinese presence in European industry

      The Hayange mill has a workforce of about 450 and supplies France’s state-owned railway operator SNCF among others
    • Monday, 9 March, 2020
      Chinese buyer of British Steel to pursue French arm

      Jingye to keep close contact with Paris as it completes takeover and saves 3,200 jobs

      A steelworker watches as molten steel pours from one of the Blast Furnaces during 'tapping' at the British Steel - Scunthorpe plant in north Lincolnshire, north east England on September 29, 2016. Thursday September 29, marks 100 days since the British Steel conglomerate bought the ailing plant from Indian company Tata Steel. In a recent interview, Gareth Stace, director of UK Steel, Britain's steel trade organisation said, "I welcome that they have brought the British Steel brand back to life. I think fundamentally it's a good and viable business and should have a strong viable future." / AFP / Lindsey Parnaby (Photo credit should read LINDSEY PARNABY/AFP/Getty Images)
    • Wednesday, 4 March, 2020
      Four groups swoop for British Steel’s French factory

      Bids complicate Chinese investor’s efforts to buy out whole of troubled company

      British Steel’s main plant in Scunthorpe. Jingye is poised to complete a £50m deal to rescue the UK’s second-largest steelmaker from bankruptcy next week.
    • Tuesday, 3 March, 2020
      British Steel’s Chinese rescuer to complete purchase next week

      Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved

    • Friday, 21 February, 2020
      Jingye tries to save British Steel rescue deal

      Chinese group writes to French government as it seeks to reassure over the future of Hayange plant

      epa03675246 A view of the ArcelorMittal factory, part of the Florange one plant, near Hayange, eastern France, 24 April 2013. The dismantling of blast furnaces at the ArcelorMittal site started on 24 April. The company in late January 2013 had announced plans for furnace and production-line closures in France and Belgium. EPA/NICOLAS BOUVY
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