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May 5, 2021

Steel

Steel Magnolias and Moonstruck Star Olympia Dukakis Dead at 89 – E! Online

eonline
Actress Olympia Dukakis has died. She was 89. The star’s sister Apollo Dukakis confirmed the news in a May 1 Facebook post. “My beloved sister, Olympia Dukakis, passed away this… E! Online – For more and to sign up click here To Return to the Main Aggregate News Page –......

Labour: Save Liberty Steel before it goes bust

BBC
https://www.bbc.co.uk/news/business-56824423 “Labour is calling on ministers to intervene early before liquidation to save workers jobs, terms and conditions, and give customers and suppliers confidence that orders will be fulfilled, bills paid, and domestic steelmaking capacity will be safeguarded,” said shadow minister for business and consumers Lucy Powell. BBC – For......

Liberty Steel: Kwarteng defends rejecting request for £170m bailout

BBC
https://www.bbc.co.uk/news/business-56733981 Speaking to MPs on the Business, Energy and Industrial Strategy (Beis) Committee, the business secretary conceded that Liberty formed an important part of the supply chain, but insisted it would be “irresponsible to give money to an opaque group with assets around the world we haven’t got to the......

UK ministers reject Sanjeev Gupta’s bailout plea – FT

Reuters
FILE PHOTO: Liberty Steel’s Sanjeev Gupta smiles outside the company’s Liberty Steel processing mill in Dalzell, Scotland, Britain April 8, 2016. REUTERS/Russell Cheyne (Reuters) – British ministers have rejected a request from mining magnate Sanjeev Gupta for a 170 million pound emergency loan to prevent his group, GFG Alliance, from......

German steelworkers reach pay deal with union

Reuters
BERLIN (Reuters) – Germany’s largest trade union, IG Metall, agreed a wage deal on Saturday for the roughly 70,000 workers in the iron and steel industry in north-west Germany. Under the agreement, which runs for 15 months and was struck after seven hours of talks, workers will receive lump-sum payments......

Liberty Steel: ‘If we lose the plant it will decimate Rotherham’

BBC
https://www.bbc.co.uk/news/business-56526900 Over the decades steel workers like Chris have seen a fair amount of upheaval at the Rotherham plant, and a number of different owners too. First Corus, then Tata, and now Sanjeev Gupta’s Liberty Steel, which is battling to secure finance for Rotherham and 11 other sites across the......

U.S. appeals WTO decision in South Korea trade dispute

Reuters
FILE PHOTO: A logo is pictured on the World Trade Organization headquarters (WTO) in Geneva, Switzerland, March 4, 2021. REUTERS/Denis Balibouse GENEVA (Reuters) – The United States has appealed against a World Trade Organization panel decision which recommended in January that Washington revise a series of duties imposed in the......

Exit of high-carbon industries in China could bring systemic financial risks: PBOC official

Reuters
FILE PHOTO: Birds fly over a closed steel factory where chimneys of another working factory are seen in background, in Tangshan, Hebei province, China, February 27, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – The pull-out of high-carbon industries in China would lead to a possible re-evaluation of invested financial resources......

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