Latest news with #TataSteelUK
Leader Live
a day ago
- Sport
- Leader Live
Flintshire pupils swim, run and cycle at Mold Leisure Centre
The event at Mold Leisure Centre, delivered by Tata Steel UK; the Brownlee Foundation, established by Olympic medal-winning triathletes Alistair and Jonny Brownlee to inspire children to get active and take part in sport; and Pho3nix Kids, a free sports and education platform for children and schools; will give seven to 11-year-olds the chance to take part in a fun, non-competitive triathlon. First launched by Tata Steel in 2007, the Kids of Steel triathlon aims to bring together the local community to encourage young children, regardless of their experience, to get active through swimming, cycling and running in a safe environment. Read more: Free family fun as Mold Carnival gets set to entertain this summer The children will swim about 50 metres, cycle 800 metres in a traffic-free zone and finish with a 300 metre run. However, these distances can be adjusted to ensure every child has a positive experience, whatever their ability or needs. Tata Steel's Shotton works manager Matt Roberts said: "I am excited to see another Kids of Steel event taking place in Mold this year to give children of all abilities a positive experience of all three sports. Read more: Flintshire man takes flight with 'little heart in the sky' "It's a great event that brings the whole community together, with over 40 of our Shotton steelworkers volunteering on the day." Alistair Brownlee from the Brownlee Foundation added: "We're thrilled to be partnering with Tata Steel for this year's Kids of Steel triathlon, a community event to get young people moving. "Together, our goal is to ensure every child enjoys their experience and goes home with a big smile on their face."
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
UK's timeline for US deal too ambitious, says ex-trade advisor Falconer
Trump's tariffs are already weighing on the UK's beleaguered steel industry, with some manufacturers saying American orders have dried up Bloomberg Prime Minister Keir Starmer would need President Donald Trump to be 'extraordinarily generous' to meet his ambition of finalising the UK-US tariff deal in two weeks, according to Britain's former top trade negotiator. Crawford Falconer, who led British trade negotiations until late last year, cast doubts on the UK government's efforts to settle remaining issues within a fortnight. While Starmer and Trump announced the so-called Economic Prosperity Deal to great fanfare in early May, numerous details have yet to be finalised. 'My assumption is that they're expecting the US to be extraordinarily generous and understanding toward them,' Falconer told Bloomberg News. 'Because otherwise I think it would take longer than two weeks.' That assessment will come as a blow to Starmer as he tries to seize on the UK's status as the first country to agree to a trade deal with Trump this year. On Tuesday, the White House ramped up the pressure, giving the UK five weeks to resolve outstanding issues or risk a doubling of US tariffs on British steel and aluminum imports to 50 per cent. Trump's tariffs are already weighing on the UK's beleaguered steel industry, with some manufacturers saying American orders have dried up. Starmer dismissed concerns in Parliament on Wednesday, telling lawmakers he expected a resolution within a 'couple of weeks.' 'The deal we agreed is a good deal for UK steel producers,' the government said in a statement on Friday. 'We will continue to work with the US Commerce Department to implement our agreement as soon as possible so all UK steel producers can start to feel the full benefit.' Key to the deal is Trump's promise to remove all tariffs on British steel exports to the US. Although Trump spared the UK the 50 per cent rate imposed on steel from the rest of the world, he reserved the option to apply it if negotiations haven't concluded by July 9. Remaining hurdles include the Chinese ownership of British Steel, the struggling producer the UK government took over in April. There's also a question about whether the US will require British steel to have been melted and poured in the country. Tata Steel UK can no longer fulfill that provision. It closed down its last blast furnace in 2024 and a new electric arc furnace isn't yet up and running, so the company has been importing steel substrate from abroad. In a statement Friday, Tata Steel UK Chief Executive Officer Rajesh Nair said his company would need to import steel substrate until late 2027. 'It is therefore critical for our business that 'melted and poured in the UK' is not a requirement to access the steel quotas in any future trade deal,' Nair said. British Steel is facing a different set of problems. While the UK government took control of its plants earlier this year to prevent them closing, the company is still legally owned by China's Jingye Group. The general terms of the UK-US deal say the UK must meet 'US requirements' on the 'nature of ownership of relevant production facilities.' That is widely understood to mean that Trump would not grant preferential tariff rates to a company with connections to a strategic rival such as China. 'They will want clarity on what that means,' Falconer said. 'It's difficult for me to believe that the US will be confident that it would give the green light to Jingye, if it is uncertain about what the actual commercial arrangements are for British Steel going forward.' Finding a buyer for the loss-making manufacturer in the near-term seems unlikely. Meanwhile, fully nationalizing British Steel could bring its own problems, since the US generally tries to avoid giving state-owned entities preferential access to its market.
Mint
2 days ago
- Business
- Mint
UK Timeline for US Deal Is Too Ambitious, Ex-Trade Adviser Says
Prime Minister Keir Starmer would need President Donald Trump to be 'extraordinarily generous' to meet his ambition of finalizing the UK-US tariff deal in two weeks, according to Britain's former top trade negotiator. Crawford Falconer, who led British trade negotiations until late last year, cast doubts on the UK government's efforts to settle remaining issues within a fortnight. While Starmer and Trump announced the so-called Economic Prosperity Deal to great fanfare in early May, numerous details have yet to be finalized. 'My assumption is that they're expecting the US to be extraordinarily generous and understanding toward them,' Falconer told Bloomberg News. 'Because otherwise I think it would take longer than two weeks.' That assessment will come as a blow to Starmer as he tries to seize on the UK's status as the first country to agree to a trade deal with Trump this year. On Tuesday, the White House ramped up the pressure, giving the UK five weeks to resolve outstanding issues or risk a doubling of US tariffs on British steel and aluminum imports to 50%. Trump's tariffs are already weighing on the UK's beleaguered steel industry, with some manufacturers saying American orders have dried up. Starmer dismissed concerns in Parliament on Wednesday, telling lawmakers he expected a resolution within a 'couple of weeks.' 'The deal we agreed is a good deal for UK steel producers,' the government said in a statement on Friday. 'We will continue to work with the US Commerce Department to implement our agreement as soon as possible so all UK steel producers can start to feel the full benefit.' Key to the deal is Trump's promise to remove all tariffs on British steel exports to the US. Although Trump spared the UK the 50% rate imposed on steel from the rest of the world, he reserved the option to apply it if negotiations haven't concluded by July 9. Remaining hurdles include the Chinese ownership of British Steel, the struggling producer the UK government took over in April. There's also a question about whether the US will require British steel to have been melted and poured in the country. Tata Steel UK can no longer fulfill that provision. It closed down its last blast furnace in 2024 and a new electric arc furnace isn't yet up and running, so the company has been importing steel substrate from abroad. In a statement Friday, Tata Steel UK Chief Executive Officer Rajesh Nair said his company would need to import steel substrate until late 2027. 'It is therefore critical for our business that 'melted and poured in the UK' is not a requirement to access the steel quotas in any future trade deal,' Nair said. British Steel is facing a different set of problems. While the UK government took control of its plants earlier this year to prevent them closing, the company is still legally owned by China's Jingye Group. The general terms of the UK-US deal say the UK must meet 'US requirements' on the 'nature of ownership of relevant production facilities.' That is widely understood to mean that Trump would not grant preferential tariff rates to a company with connections to a strategic rival such as China. 'They will want clarity on what that means,' Falconer said. 'It's difficult for me to believe that the US will be confident that it would give the green light to Jingye, if it is uncertain about what the actual commercial arrangements are for British Steel going forward.' Finding a buyer for the loss-making manufacturer in the near-term seems unlikely. Meanwhile, fully nationalizing British Steel could bring its own problems, since the US generally tries to avoid giving state-owned entities preferential access to its market. This article was generated from an automated news agency feed without modifications to text.
Yahoo
4 days ago
- Business
- Yahoo
Britain's biggest steelmaker warns it faces Trump tariffs hit
The Indian owner of the Port Talbot steelworks has warned that a carve-out from Donald Trump's tariffs is 'critical' to its business. Tata Steel's UK operations are at risk of falling foul of American import tariffs even if a pending agreement between London and Washington is formalised, because of a reliance on steel made in India and elsewhere. This is because of American demands that UK steel products can only be exempt from tariffs if they used metal that was 'melted and poured' domestically. Ministers are trying to secure an exemption for Tata, which is Britain's largest steel producer, but the business otherwise faces being hit by Mr Trump's 50pc tariffs on foreign steel. The company closed the last blast furnaces at Port Talbot, south Wales, last year and is currently in the process of building an electric arc furnace at the site, which will recycle domestically-sourced scrap metal. In the meantime, Tata has resorted to importing steel melted in India and Europe for processing into products that are then shipped onwards to America. The temporary measures mean the company risks running afoul of Mr Trump's 50pc tariffs on foreign steel, which are currently scheduled to be imposed on the UK from July 9. British steel products already face tariffs of 25pc, like those from much of the rest of the world, but the trade deal in principle struck by Mr Trump and Sir Keir Starmer would see the tax rate fall to zero. However, despite four weeks of talks, the deal has yet to be implemented. When Mr Trump imposed 50pc steel tariffs on the rest of the world, he gave Britain a reprieve until July 9 – and negotiators are now racing to conclude something before then. Even this poses a problem for Tata, as the deal's framework stipulates that steel products sent from the UK to the US must use steel that was 'melted and poured' domestically to qualify for tariff relief. The Government is seeking to obtain a temporary carve-out for Tata and has reportedly said it is confident of success, but the warning from Tata signalled nervousness within the company on Friday. It is understood that being hit by 50pc tariffs would force Tata to either try to pass some costs on to customers or absorb them itself. If it could not absorb them, production cuts may have to be considered. Rajesh Nair, the chief executive of Tata Steel UK, said: 'Tata Steel UK will need to import steel substrate until Electric Arc Furnace steelmaking is operational in Port Talbot from late 2027 onwards. 'It is therefore critical for our business that melted and poured in the UK is not a requirement to access the steel quotas in any future trade deal. 'Even though we are not currently melting steel in the UK, we remain the largest steel producer in the country and our mills continue to transform imported steel coil and slab into high-value, specialist products which are not available from US producers and are therefore essential to our US customers. 'We urge the Government to secure a deal as soon as possible, and we would be happy to provide the US government with any needed assurances on the provenance and processing of the steel we supply.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
The Independent
10-04-2025
- General
- The Independent
Princess Royal views continuing restoration work on Clyde steamer
The Princess Royal has visited Glasgow to see the ongoing restoration of a historic Clyde steamer whose passengers once included royalty, a famous general and a US first lady. Anne was making her fourth visit to the TS Queen Mary, which is berthed at Glasgow Science Centre in Govan. She met supporters, volunteers and funders involved in a project to restore the vessel once known as 'Britain's finest pleasure steamer'. Launched in 1933, the Queen Mary was built in Dumbarton by William Denny And Brothers Ltd, with an initial capacity of 2,086 passengers. She was named after Anne's great-grandmother. At the height of her success, the steamer carried 13,000 passengers each week. Anne's grandparents, King George V and Queen Elizabeth the Queen Mother, and the then-Princess Elizabeth, as well as Margaret and Lord Mountbatten of Burma, sailed on the vessel. Other well-known passengers included US first lady Eleanor Roosevelt, Second World War Allied commander Viscount Montgomery of Alamein and music hall star Sir Harry Lauder. The vessel's final cruise was in 1977, and after a time in London she was towed back to the Clyde in 2015, where she has been based since. Restoration work began three years ago, following an announcement by Anne during a visit in March 2022 that the Queen Mary would sail again. Friends of TS Queen Mary, the charity tasked with the restoration, has raised more than £5 million for their work, saying it has been 'overwhelmed by the generosity of corporate donors and individuals'. Charity chairman Iain Sim said they were 'delighted' to welcome the Princess Royal, who is the vessel's royal patron, for her fourth visit. 'Our ongoing task to ensure TS Queen Mary sails again on the Clyde continues to gather pace with some significant progress in the last year,' he said. 'We feel very privileged to have HRH The Princess Royal as our royal patron – celebrating, as it does the important link with the royal family which the ship is renowned for.' In the last 12 months, steel decks have been laid in place of the original Burmese teak decks to comply with modern safety rules, and the interior and exterior of the vessel have been painted. The task of replacing all 164 windows has progressed, with their design and safety requirements approved. Several partners and supporters of the project were introduced to the Princess Royal, including Rajesh Nair, chief executive of Tata Steel UK. The charity also released an image of what the Queen Mary will look like when fully restored. It is hoped the Queen Mary's return to sailing will provide a boost to Scotland's tourism, particularly the Clyde coast resorts such as Rothesay and Dunoon, which were destinations in the vessel's heyday. When not sailing, the restored vessel will remain based at Glasgow Science Centre as a heritage attraction.
