Steel Strip

Steel workers’ union Community has asked the Environment Agency to hold in trust the carbon credits accrued by Corus’s doomed plant in Redcar until production resumes.
Corus is mothballing its historic steel making operation in Teesside, which threatens the livelihoods of 1,600 workers in one of the country’s worst unemployment blackspots.
The closure has led to [...]

Corus, the steelmaker, was accused on Wednesday of not wanting to sell its Teesside Cast Products plant for competitive reasons.
With jobs of 1,600 at TCP on the line only hours before mothballing starts on Friday, Ray Mallon, Middlesbrough’s elected mayor, claimed a credible consortium interested in buying the plant had received no response from Corus [...]

The Teesside Cast Products Plant (TCP) run by Corus, which is owned by Indian conglomerate Tata, will finally be mothballed on Friday - three weeks after the Redcar site was initially planned to shut down.
Local Labour MP Vera Baird said the rising price of steel could give the town’s major employer a future, and [...]

British Prime Minister Gordon Brown has promised to talk to Tata Group chairman Ratan Tata as a last ditch effort to stop the Corus steel plants in Teeside from being shut down at the month end and thus save 1,700 jobs.
Brown gave the assurance to three MPs, Ashok Kumar, Solicitor General Vera Baird and Dar [...]

I came across this rather enlightening article by Christopher Booker writing at the Telegraph.co.uk
The owners of Corus, Tata, have recently announced the closure of the Redcar steel plant, which will have a devastating effect on the workers and the economy of an already deprived area. Whilst the stated reason for the closure of the plant [...]

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Steelmaker Corus has confirmed it will curtail production at its Teesside Cast Products factory, putting 1,700 people out of work.
It had been announced in May that the 150-year-old Redcar plant was to be mothballed.
The plant had been at risk since a 10-year deal suddenly fell through.
Business Secretary Lord Mandelson expressed his disappointment, saying [...]

Corus, the European unit of Tata Steel Ltd. announced Friday plans to build a new pilot plant at its Ijmuiden, Netherlands steelworks to test a new steelmaking process that could potentially reduce carbon dioxide (CO2) emissions by more than 50%, the company said Friday. The company is working in consortium with the [...]

Tata Steel is looking for joint venture partners to run its Teesside plant in England, according to Mr Kirby Adams, CEO of Tata-Steel Europe.
The plant belongs to Anglo-Dutch steelmaker Corus, which Tata Steel acquired two years ago.
The plant had run into trouble early this year after a consortium of buyers, which had committed [...]

MEPS reported a generally weak market in November with the exception of China.
“Raw steel output continues to climb steadily in the US. Mill utilisation rates were up to almost 65 percent in the first week of November. However, the recent relighting of blast furnaces has not coincided with a similar upturn in consumption. Oversupply could [...]