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Great Britain - Latest news GMK Center

Photo – Sims Limited is selling its British business for $249 million
Sims Limited is selling its British business for $249 million

Unimetals Group became the buyer, the asset consists of 28 objects

Photo – UK TRA proposes to increase import quota for hot-rolled steel
UK TRA proposes to increase import quota for hot-rolled steel

The proposal includes dividing the quota into two categories

Photo – Britain’s energy industry is keen to link up with the European carbon market
Britain’s energy industry is keen to link up with the European carbon market

The UK could lose £8 billion in income over the next 5 years if it stays out of the EU carbon market

Photo – UK should take into account exporters’ views on its own CBAM – IISD
UK should take into account exporters’ views on its own CBAM – IISD

The mechanism proposed in the United Kingdom has certain differences from the European one

Photo – UK traders propose to remove hot-rolled coil from safeguard measures – Argus
UK traders propose to remove hot-rolled coil from safeguard measures – Argus

Tata Steel will not manufacture these products for sale in the country

Photo – South Africa criticises UK plans to introduce CBAM analogue
South Africa criticises UK plans to introduce CBAM analogue

South Africa notes that this step may contradict WTO rules

Photo – UK Steel calls for competitive electricity prices for industry
UK Steel calls for competitive electricity prices for industry

The wholesale price of electricity in Britain has recently exceeded its cost in France and Spain

Photo – UK extends safeguard measures on 15 categories of steel
UK extends safeguard measures on 15 categories of steel

In addition, the suspension of protective measures against Ukraine is maintained until June 2026

Photo – Traders predict a jump in carbon prices in the UK
Traders predict a jump in carbon prices in the UK

This is due to expectations that the new government will be tougher on big polluters

Photo – UK TRA recommends extension of safeguard measures for 15 steel categories
UK TRA recommends extension of safeguard measures for 15 steel categories

The final recommendation was submitted to the Secretary of State for Business and Trade

Photo – Tata Steel India reaches record steel production in FY2023-2024
Tata Steel India reaches record steel production in FY2023-2024

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

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