So nearly 92% of the world doesn't pay carbon costs?

➡️The rest of the world either applies carbon pricing of less than £3/tCO2 or no carbon pricing at all.

👉91.8% of global steel production does not face carbon pricing comparable to the UK, if at all.

#Carbon #ukmfg #UKCBAM

📰 𝗡𝗘𝗪𝗦 | Following 7 months of formal and informal national level discussions with the UK trade unions, Tata Steel will proceed with its £1.25 billion investment to build a state-of-the-art Electric Arc Furnace in Port Talbot...

#GreenSteelFuture

Today we have been granted planning permission to build an Electric Arc Furnace at our #Scunthorpe plant – another important milestone for our £1.25-billion decarbonisation plan

Read the full story here: ow.ly/W86z50RstRQ

#BuildingSustainableFutures

All the reasons why safeguards exist are still in place and conditions have deteriorated.

🚨Steel safeguards remain critical to shield the UK from rising global excess capacity and inevitable trade diversion resulting from US Section 232 tariffs & the EU’s own safeguards.

🌏Do any other countries pay similar levels?

Japan and South Korea apply carbon pricing of around £10/tCO2e and produced 155 million tonnes of steel or 8.2% of global steel production in 2022.

#CBAM #CarbonZero #UKCBAM #Steel #ukmfg

🪧What are safeguards?

✅A type of trade remedies measure intended to address unexpected surges in imports damaging or threatening to damage domestic producers.

❓Who currently pays carbon costs?

Only the UK, EU, Canada, and New Zealand apply comparable carbon pricing (£30-£70/tCO2e), responsible for 155 million tonnes of steel or 8.2% of global steel production in 2022.

#CBAM #UKCBAM #CarbonBorder #UKSteel #ukmfg

UK Steel has officially launched a NEW policy paper setting out a framework for the UK's CBAM.

UK Steel has fired the starting gun - if the UK Carbon Border Adjustment Mechanism policy is not designed correctly, we will see steel flooding into the UK.

🔗uksteel.org/uk-CBAM

🆕🚨 #UKmfg firms are missing out on up to £10bn of investment due to a lack of awareness of funding sources, rising costs & political uncertainty.

That's according to our latest report – Finance: Opening Doors to Investment in Manufacturing – published today in partnership with…

Thank you Materials Processing Institute for hosting UK Steel this week and showcasing the world-leading research you do, from lab work and 3D printing to materials and furnace testing, to help the UK steel industry in its decarbonisation journey.

Sheffield Forgemasters is pleased to announce it has been granted the coveted ASME.org status as a key supplier of heavy forgings and castings to the #civilnuclear power market.

READ MORE 👇

sheffieldforgemasters.com/news-and-insig…

My first visits as @BizTradeGovUK Minister: 4🇬🇧steel sites in 3 days!

Great to:

🏗 See steelmaking first-hand
🤝Show our commitment is stronger than ever
✅Build on recent wins for the industry

Tata Steel UK @CelsaSteelUK British Steel

Thank you Alan Mak MP 🇬🇧 🏴󠁧󠁢󠁥󠁮󠁧󠁿 for prioritising steel for your first week in office - visiting Tata Steel UK, CELSA Steel UK and British Steel.

➡️It's critical Government sees the situation on the ground at UK steel producer sites as we continue to transition to a cleaner, greener future.

News: LIBERTY announces UK strategic steel plan after signing new creditor framework agreement. libertysteelgroup.com/liberty-announ…