July 2021 – British Stainless Steel Association

Month: July 2021

UK Government to acquire Sheffield Forgemasters International Limited

The Ministry of Defence (MOD) has today launched an offer to acquire Sheffield Forgemasters International Limited (SFIL), allowing HM Government to refinance the company and secure the supply of components for the MOD’s critical existing and future UK

The UK Innovation Strategy

Innovate UK welcomes the Government’s Innovation Strategy, launched by the Department for Business, Energy & Industrial Strategy, which Innovate UK has played a key role in helping to shape. The Strategy sets out long term plans to cement the UK’s

EU Construction Sector Output Approaches Record

European construction output in May approached a new record level, according to Eurostat figures. The monthly index for production in the construction sector, issued since the beginning of 2015, reached in May a level of 113.2 for the EU27 and 111.7 for the

Asian Stainless CRC Rises Amid China Rally

Asian stainless cold-rolled coil prices rose in the week to July 16, in line with strong raw material prices and a spike seen in the Chinese domestic market due to production reduction expectations. S&P Global Platts assessed 304 grade 2 mm 2B stainless

Shortage, Minimal Imports Lift European Stainless Coil Prices

European stainless steel cold and hot rolled coil, sheet and tube prices are increasing again this month due to persistent shortages, market participants tell Kallanish. European mills are quoting CRC for January and February 2022 delivery at

Construction output to rise 13.7% in 2021 and keep growing in 2022

Construction output is forecast to rise by 13.7% and a further 6.3% in 2022, despite materials shortages and price rises. That’s according to the Construction Products Association (CPA), which has published its latest summer forecast for the industry. The

Cleveland Bridge collapse – Potential suitors tipped to acquire troubled steel specialist

BY TIM CLARK Construction firms in the UK and overseas will be eyeing up a move for Cleveland Bridge, according to market analysts. Keltbray, JRL Group, Morrisroe or even a Chinese construction firm could be lined up as prospective buyer for the troubled

Four Companies to Bid for Acciai Speciali Terni

According to union sources, four companies have been shortlisted for the purchase of Italian stainless steel producer Acciai Speciali Terni (AST), which is part of thyssenkrupp. Italian steelmaker Arvedi and re-roller Marcegaglia are visiting the facility in

6th August deadline : The rules have changed and HMRC has published guidance on what to do when goods arrive in GB without an import declaration.

Since sending out this notice we have been contacted many times by concerned importers who realise there have a lot of imports that were delivered undeclared! In some cases this is going back to January. Due to government relaxations a lot of importers faced

Diversity Drives Innovation

Posted on 19 Jul 2021 by The Manufacturer The law of unintended consequences comes into play when a simple solution is actioned to resolve a complex challenge. In the drive to be productive by reducing costs, might we be missing an opportunity to add value