Tag: Steel industry
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BP’s Use of Chinese Steel Betrays British Manufacturing
Introduction: A fragile sector facing renewed scrutiny The autumn government pledge to prioritise British-made steel in large UK manufacturing contracts was hailed as a lifeline for a sector battered by global competition. Yet the debate surrounding BP’s procurement choices in steel highlights a deeper question: when a global energy giant opts for foreign steel, what…
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BP and Chinese Steel: Betrayal of British Manufacturing
Introduction: A crossroad for British manufacturing The debate around where BP sources its steel is more than a procurement issue; it is a litmus test for the future of British manufacturing. When a multinational energy giant, deeply embedded in the U.K. economy, opts for Chinese steel over domestically produced material, it sends a signal about…
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BP’s use of Chinese steel betrays British manufacturing
Introduction: a defining moment for British manufacturing The autumn government pledge to prioritise British-made steel in large UK manufacturing contracts arrived as a much-needed lifeline for a sector under pressure. After years of restructuring, global competition, and intermittent soft demand, the steel industry needs clear signals that domestic supply chains matter. Yet among the most…
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HSBC Flags Surprising Tata Steel Underperformance Amid Rising European Steel Outlook
HSBC Highlights Sharp Departure Between Tata Steel’s European Footprint and Market Performance Brokerage house HSBC has drawn attention to a notable disconnect in Tata Group’s steel arm as it expects European steel prices to rise further. The bank also flagged upside risks to estimates for Tata Steel Netherlands, while signaling that Tata Steel’s stock performance…