Keeping up-to-date with all things metal
11/10/2021
Market News
GFG to inject £50m to relaunch Rotherham Production GFG has announced it will inject £50 million of new funding into LIBERTY Steel UK to enable the restart of LSUK’s core Rotherham electric arc furnace. GFG says the provision of funding will set the platform to refinance LSUK operations in full, create a leading long-term GREENSTEEL hub, and support the […]
11/10/2021
British Steel announces low-carbon roadmap
British Steel unveiled its Low-Carbon Roadmap, outlining its commitment to achieving net-zero status through the biggest transformation in its history. The company has pledged to invest in a range of technologies to deliver net-zero steel by 2050, and significantly reduce its CO2 intensity by 2030 and 2035. Its roadmap, which is in line with UK commitments […]
6/10/2021
CBM – Global Manufacturing PMI
Global Manufacturing – IHS Article IHS Markit has published an insightful article on the state of global manufacturing, based on the JPMorgan Global Manufacturing PMI for September. It confirms global manufacturing prices continue to spike higher amid supply constraints, but also identifies that demand pressures shows signs of easing. Read article here Shortages inhibit UK Construction The September IHS […]
6/10/2021
CBM – September PMIs and Vehicle Registrations
UK output constrained by supply and labour issues The IHS Markit/CIPS UK Manufacturing PMI® for September read 57.1, still firmly in growth but significantly down on August’s reading (60.1). Supply chain delays, slower new order growth and rising material and labour shortages all constrained the UK manufacturing sector in September. Manufacturing production increased for the sixteenth consecutive […]
5/10/2021
Urgent Update on Steel Safeguarding Quotas
HMRC has issued the following Stop Press Notices on Steel Safeguarding Quotas for the current quarter (1st October to 31 December 2021): Quota No. 058002 – steel category 1 – Non Alloy and Other Alloy Hot Rolled Sheets and Strips, other countries, has now exhausted from 04.10.21 Quota No. 058916 – steel category 21 – Hollow sections, Turkey, is Critical from 04.10.21- A security to […]
5/07/2021
We are not out of the woods yet
Having hopefully survived the pandemic, many people are talking about a return to the “new normal”. Unfortunately, in terms of businesses, the new normal is a very scary place, writes the Managing Director of CBM Member, Cleveland Fasteners Ltd. Read on for Steve Hardeman’s thought-provoking and extensive insight into what is facing UK businesses……………. It […]
5/07/2021
UK manufacturing input and selling prices rise at record rates
The final IHS Markit/CIPS Purchasing Managers’ Index® dipped slightly to 63.9 in June, down from May’s record high of 65.6. Nevertheless, the UK Manufacturing PMI has recorded growth for 13 successive months. Manufacturing remained in a strong growth phase in June, with rates of expansion in output, new orders and employment among the best seen during […]
21/06/2021
SHEP survey confirms huge increase in awareness of hazardous airborne particulate
SHEP survey confirms huge increase in awareness of hazardous airborne particulate, 16th June 2021: In a survey carried out by the Safety and Health Engineering Partnership (SHEP), 84% of respondents stated that the Covid pandemic has made them more aware of how virus, bacteria and other particles are transmitted through the air, and 70% advised […]
21/06/2021
CBM urges government rethink on Trade Credit Reinsurance
A trade body is urging the government to rethink their stance on the Trade Credit Reinsurance scheme or face damaging the industrial recovery. The Confederation of British Metalforming (CBM) has been lobbying Whitehall to extend the support until the end of the year to help companies fighting back from Covid, but still at the mercy […]