Does Britain still need a steel industry?
If Tata's plants close, the UK will be the first G-7 member not to operate a blast furnace
London
THE UK once made nearly half the world's steel. Soon it may produce almost none.
Tata Steel Ltd plans to sell its UK business which includes the country's last blast furnace sites in Scunthorpe and Port Talbot. Used to turn iron ore into steel, these plants are the focus of the entire industry. They are also the assets that may prove the most difficult to unload, according to at least one potential buyer.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months