British Steel, the country’s second-largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound loan by later on Tuesday, a source close to the situation told Reuters on May 21.
The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of England, while 20,000 more depend on in its supply chain. Greybull, which specialises in turning around distressed businesses, paid former owners Tata Steel a nominal one pound price in 2016 for the loss-making company, which they renamed British Steel.
British Steel secured a government loan of around 120 million pounds in May to enable it to comply with the European Union’s Emissions Trading System rules.
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US reaches deal to lift steel and aluminum tariffs on Canada and MexicoThe deal would get rid of a key obstacle to passing updates to the North American Free Trade Agreement. DEMOCRATS REFUSE TO WORK WITH TRUMP ON ANY LEGISLATION. Pelosi needs to stop placating Trump or step down. She is weak and worthless. Awesome! Good job Mr. Trump
Source: CNBC - 🏆 12. / 72 Read more »
Mnuchin: U.S. Close to Resolving Steel Tariffs With Mexico and CanadaIn testimony before a Senate Appropriations subcommittee, Treasury Secretary Steven Mnuchin said the administration is making progress in resolving steel and... I don’t trust 1 thing Mnuchin says. He has a huge problem with handling truth & reality. There is NO trade deal happening with Canada. Trudeau walks out when he has to answer important questions. We’re watching ‘Game of Clowns’ here. uspoli cdnpoli
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. to Lift Steel, Aluminum Duties on Canada and MexicoThe U.S. tariffs are expected to be lifted about 48 hours after an official announcement, which will likely be made as early as Friday. In return, Canada and Mexico will eliminate their retaliatory tariffs, the people said. they are referring to it as a 'full retreat'.. Props to cafreeland // another victory for JustinTrudeau too.. // and for Women that want to make deals.. Men are shaking like leaves.. // POTUS JoeBiden //
Source: YahooNews - 🏆 380. / 59 Read more »
Mnuchin says deal on steel tariffs with Canada, Mexico is ‘close’The Trump administration is close to a move that would mark a major step toward approval of the new NAFTA This woman could tell you everything you’d need to know about Trump’s finances. She’s “one of the most trusted people inside Trump Tower” and has “heard everything, and taken good notes.” Subpoena/Interview her today. Meet the new NAFTA, same as the old NAFTA.....but with more white supremacy sprinkled over the top... Ok, but what about our fruits and vegetables? Can you tell us what’s going on there?
Source: politico - 🏆 381. / 59 Read more »
U.S. reaches deal with Canada, Mexico to lift steel, aluminum tariffs: Washington PostThe United States has agreed to lift tariffs on steel and aluminum from Canada a... '...reaches deal...' You mean the U.S. removes tariffs. I don't know what the terms are, and I don't much care. What I care about is that these tariffs were justified as 'National Security' We were the enemy when they were imposed and as far as I am concerned we will be the enemy until that fucker Spanky is dead Trump is on opioid or something; let's tax them, let now do that; let's tax them, let's not do that. WTF! - RT MedicareForAll FollowMe/IFollowU
Source: Reuters - 🏆 2. / 97 Read more »
US expected to lift steel and aluminum tariffs on Canada and MexicoPresident Donald Trump is expected to lift steel and aluminum tariffs on Canada and Mexico as soon as this afternoon, according to an official familiar with the plans Then Mexicans come over here and rape our women I am sick of them. Build the wall then nuke the bastards And morons will laud him as a hero.
Source: CNN - 🏆 4. / 95 Read more »
Trump Today: President announces deal with Canada, Mexico to end steel and aluminum tariffsPresident Donald Trump announced an agreement with Canada and Mexico to remove U.S. tariffs on steel and aluminum imports, as he again blasted reporting on... What a waste of a year.... right back where we were before he made Canada a National Security Emergency! Boom! Solution! WHAAAAAAT?
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. reaches deal with Canada and Mexico, will lift steel and aluminum tariffsThe U.S. is expected to lift the steel and aluminum tariffs on Mexico and Canada, which could clear the way for the United States-Mexico-Canada Agreement to be ratified. CNBC was the first to report the news. Cause he's bankrupting people with money and they are going to other countries to sell their goods. This country will go under fast under Donald's tarriffs. Impeach Another step back from DEALMAKER realDonaldTrump Please state that tariffs were put on by trump. otherwise he'll take credit for lifting them.
Source: MSNBC - 🏆 469. / 51 Read more »
China Steel Boom, Supply Problems Drive Iron-Ore Price to Five-Year HighThe price of iron ore surged to a five-year high, buoyed by mine closures in Brazil and unexpectedly strong demand for steel in China. Yet my nation is only concerned with crude oil while we have iron ore deposits in abundance. Yer “Mine closures in Brazil” are mine COLLAPSES, yes?
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Close to Deal With Canada, Mexico to End Steel and Aluminum TariffsThe Trump administration is close to reaching a deal with Canada and Mexico to end U.S. tariffs on steel and aluminum imports, potentially removing a major barrier to the three countries’ trade pact Then why did Trump impose them to begin with? GET IT DONE ! So all this and we end up with a slightly modified NAFTA? Hardly worth the trouble.
Source: WSJ - 🏆 98. / 63 Read more »
Mnuchin Says U.S. Close to Resolving Steel Tariffs With Mexico and CanadaTreasury Secretary Steven Mnuchin said negotiators are likely to travel to Beijing soon to continue talks with China and signaled that disputes with two other trading partners are close to being resolved. 🤣🤣🤣🤣🤣yea. Sure How are those tax returns coming? Because tariffs are what stupid people use to solve complex problems that they are not intelligent enough to comprehend. Ain't no other president dumber than this one, and he'll keep that record until the end of time.
Source: WSJ - 🏆 98. / 63 Read more »