How Chinese overcapacity threatens the Global South
08 Nov 2024
China generally has a big trade surplus, but domestic economic problems have pushed it into overdrive. The world’s second largest economy is exporting on a massive scale. Critics say this is ‘overcapacity’ and that China is 'dumping' its excess production around the world. For many developing economies of the Global South, that is a threat to their own manufacturing bases, and many are responding with tariffs. From Brazil to India, Chile to Indonesia, China faces new trade barriers as it seeks to pivot its exports away from an already sceptical West. In this episode of Business Beyond, we consider how Chinese overcapacity threatens the Global South and how the world’s developing economies are dealing with the challenge.
Port Talbot: UK's biggest steelworks set to shutdown - leaving thousands to lose jobs across Wales
30 Sep 2024
The UK's biggest steelworks will cease production today after more than 100 years, leading to thousands of job losses across South Wales. Blast Furnace 4 - the final furnace operating at Tata Steel's plant in Port Talbot - will be fully shut down at about 5pm.
Chinese Steel Giant Declares Bankruptcy
14 Aug 2024
The Chinese steel giant Dongling Group, has declared bankruptcy, affecting its subsidiaries and over 18,000 employees. This Group held assets worth 40 billion yuan and was listed 205th on the "2023 China Top 500 Enterprises" list.
Sale of US Steel kicks up a political storm
10 Jul 2024
Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that is kicking up an election-year political maelstrom across America's industrial heartland.
Port Talbot - Blast Furnace 5's final week
02 Jul 2024
Works Manager for Coke, Sinter and Iron, Dean Cartwright, gives a history of Port Talbot's Blast Furnace 5, and runs us through the winding down process that will bring BF5's operations to a halt.
Tata steel workers take action to protect livelihoods
19 Jun 2024
Absolute disaster for Britain! Report about steelworkers in Port Talbot taking industrial action to protect their jobs at Tata Steel in South Wales.
The challenges of building an electric furnace in an operating steel plant
12 Jun 2024
From inside the cavernous steel plant that turns molten iron into liquid steel, Tata Steel’s Works Manager Steel & Slab, James Davies, explains the safety, financial and logistical challenges that would be faced if the company were to attempt to build its new 3.2 million tonne electric arc furnace whilst still operating a blast furnace..
‘Ukrainian’ drone blows up one of Russia’s largest steel plants 800 miles from border
08 Mar 2024
A drone, believed to have flown from Ukraine, has blown up one of Russia’s largest steel mills as Kyiv slowly degrades Moscow’s ability to wage war by destroying its arms factories. The Severstal Steel Plant, in Vololgda oblast, was hit around 5.30am on March 7, with footage showing the drone struck a blast furnace, causing a large explosion and a plume of smoke to start rising. The plant is 800 miles from the frontline, meaning the drone either flew an extraordinary distance to hit the plant, or was launched from within Russia itself.
Green Hydrogen making Green Steel. Is 2024 the breakthrough year?
18 Feb 2024
Global steel production is responsible for more than 3 billion tonnes of carbon dioxide equivalent emissions every single year. That needs to change quickly, and the folks in the steel industry know it. Huge efforts are being made to decarbonise their processes, and the most promising method is to use green hydrogen to replace coking coal to remove oxygen from iron ore. So, has anyone cracked it yet?
United Steelworkers’ frustration continues, claims no communication from Nippon Steel
31 Jan 2024
In a letter sent to its members Monday, the United SteelWorkers' union voiced its frustration with Nippon Steel. Making a deal with a foreign company, said USW, demonstrates greed and short-sightedness ...
'Strategic Madness' with closure of Tata Steel in Port Talbot putting 3000 jobs at risk
18 Jan 2024
Managing Director at Cleveland Steel, Roy Fishwick, responds to news that 3000 jobs in the steel industry are at risk due to the closure of Tata Steel in Port Talbot.
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