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'While it was these two immediate Brexit-related issues that led to its sudden demise, its longer term future was also uncertain under Brexit...'
‘The number one priority is to secure a withdrawal agreement as soon as possible, ending this uncertainty and avoiding the turmoil of a no-deal Brexit,’ says Gareth Stace of UK Steel
British Steel collapse: Thousands of jobs at risk as firm becomes ‘first major Brexit casualty’
22/05/2019
Company put into official receivership after talks with government over £30m rescue package break down. / British Steel has collapsed, putting more than 4,000 jobs directly at risk and threatening a further 20,000 in the company’s supply chain.
British Steel faces €110M Brexit bill
24/02/2019
The EU suspended the company’s free carbon permits as part of Brexit no-deal contingency planning.
The UK’s second-biggest steel production company has been left in need of an emergency loan because of the failed Brexit negotiations. British Steel, which employs 5,000 people across the UK, is said to be in talks with Whitehall for a £100 million loan after it got frozen out of an EU-wide carbon trading scheme.
British Steel is the canary in the coal mine - we need to prepare now for the Brexit threat to jobs
22/05/2019
The announcement that British Steel is to enter insolvency is the latest example of how uncertainty over Brexit is threatening livelihoods across the country. This does not just affect the 5,000 workers at Scunthorpe, but also a support staff of 20,000 across the whole supply chain. / Sadly, many other firms face the same danger ...
British Steel Ltd. may face a financial hit of 100 million pounds ($130 million) or more in three weeks if Prime Minister Theresa May is unable to secure a Brexit deal, two people familiar with the matter said.
British Steel won approval from a French court to buy the Ascoval steel mill in northern France, in a deal that should help save jobs at the site and allow British Steel to expand in Europe as Brexit concerns weigh on its domestic market.
British Steel has said it is seeking further financial support from the government to help it address "Brexit-related issues".
British Steel is on the verge of administration within 48 hours unless a £30m rescue deal can be agreed with the government. If additional funding cannot be secured 4,000 British Steel jobs would be put at risk along with a further 20,000 in its supply chain.
British Steel: France in threat to veto sale
31/01/2020
The sale of British Steel to Chinese firm Jingye could be scuppered by French intervention.
When former first minister Carwyn Jones blamed Port Talbot job losses on Brexit, some scoffed and said “No, net zero.” But he wasn’t wrong
At least 5,000 jobs in the north of England are at risk after British Steel was put into compulsory liquidation.
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◈ steel ×13
◈ job losses ×3
◈ exports ×2
◈ no deal ×2
◈ France ×2
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◈ Tata Steel ×2
◈ Scunthorpe ×2
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