Budget misses opportunity to tackle crippling electricity costs for British steelmakers

28th October 2026: UK Steel has expressed disappointment that today's Budget failed to address the persistently high electricity costs facing British steelmakers, despite the industry putting forward a practical, costed solution that could transform its competitiveness for around £50 million a year.

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British steelmakers face widening electricity price gap - but solution could cost just 42p per household, UK Steel reveals

19 October 2026: The UK steel industry face electricity prices almost 50% higher than in France and up to 125% higher than some global competitors. Bringing electricity prices in line with European competitors is essential to the Government's ambitions of reindustrialisation.

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Peter Brennan appointed Director-General of UK Steel

1st October 2026: Peter Brennan appointed Director-General of UK Steel, taking over the leadership of the trade association at a pivotal moment for the UK steel industry. Peter succeeds Gareth Stace, who steps down after 12 years as Director-General.

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UK Steel welcomes Government action to secure British Steel's future

16th July 2026: UK Steel warmly welcomed the the Government's decision to bring British Steel into public ownership, describing it as a vital intervention that secures the future of a strategically important steelmaker and provides certainty for its workforce, customers and wider supply chain.

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UK Steel welcomes new 'comply or explain' procurement rules to back British-made steel

13th July 2026: UK Steel has welcomed the publication of the Government's revised Public Procurement Note (PPN) for Steel, the latest in a series of steps to strengthen the purchases of domestic steel in public projects.

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UK Steel welcomes strengthened trade measures as vital protection for domestic steel producers

25th June 2026: UK Steel welcomes trade measures, but expresses concern about some steel categories.

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UK Steel supports amendments to trade measure

10th June 2026: UK Steel backs targeted amendments to the UK’s provisional steel import quota measures, as the policy remains essential to protect domestic steel production from heavily subsidised global competition and market distortion caused by Chinese steel exports.

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UK Steel welcomes British Steel nationalisation

11th May 2026: UK Steel welcomes the Prime Minister’s announcement that the Government intends to take British Steel into public ownership.

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Greater Lincolnshire Mayor signs UK Steel Charter, commits to ‘Buy British’

1st May 2026: The Mayor of Greater Lincolnshire, Andrea Jenkyns, formally signed the UK Steel Charter at British Steel’s site in Lincolnshire, demonstrating a clear commitment to supporting the use of UK-made steel in public projects across the region.

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UK Steel: Competitiveness scheme welcome, but electricity price crisis for steel deepens

16th April 2026: UK Steel welcomes the British Industrial Competitiveness Scheme, which will help parts of the steel supply chain. But steelmakers themselves still face uncompetitive industrial electricity prices.

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Community and UK Steel welcome Steel Strategy

19th March 2026: UK Steel and Community welcome the Government’s Steel Strategy and stronger trade measures to support domestic production. However, they warn high electricity costs and flaws in the UK CBAM risk undermining competitiveness without further policy action.

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UK Steel responds to the US Supreme Court ruling on global tariffs

20th February 2026: UK Steel responds to the US Supreme Court striking down the global tariffs introduced by Trump.

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