A research hub to help the steel industry drastically cut carbon emissions by 2040 is being set up.Read more
First Minister Mark Drakeford explains why he fears the indirect effect of "no deal" on Welsh steel.
Serbia is among the countries of the Western Balkans hoping to join the European Union in 2025. But recently it’s been looking to the East for investment. Over the past two years, Chinese companies have acquired steelworks and mines in Serbia – and the government in Belgrade is hoping that’s just the start. The BBC’s Balkans Correspondent, Guy De Launey, has been finding out more… (Image: Chinese steel workers. Credit: VCG via Getty Images)
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"It's quite shocking really," says Gareth Stace, director general of the trade body UK Steel.
"We pay twice as much for our electricity than our competitors in France and 50% more than our competitors in Germany," he said.
"It makes us uncompetitive and limits investment."
He has a nine point plan that he wants the government to consider to make UK steel makers competitive.
British Steel has won a two-year extension to its supply contract with Network Rail after the current five year contract ends next March.
It said it will have supplied more than half-a-million tonnes (9,000km) of "high-quality rail" by the end of the current contract and will supply a further 200,000 tonnes (4,000km) of rail in the subsequent two years.The rails are used for maintenance and renewals. The contract extension is being rubber-stamped in Berlin today at InnoTrans, the international trade exhibition for transport technology.