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Sajid Javid in Brussels for international steel talks

Sajid Javid will discuss steel overproduction in Brussels on Monday Credit: PA

Sajid Javid will be in Brussels for talks on Monday to discuss the global overproduction of steel.

The Business Secretary will hold talks in the Belgian capital with counterparts from China, India and 27 other nations to "seek solutions to the overcapacity crisis".

Tata Steel, the Indian-owned conglomerate, announced it was putting its UK assets - including the Port Talbot plant - up for sale in March after prices were hit by China "dumping" steel on the global market.

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New objections to Skegness hotel development

There are fresh objections to plans to build a major hotel chain on Skegness seafront.

Hoteliers say the development means they will not be able to offer sea views

Campaigners have already said they are taking legal advice after the council agreed to sell a controversial site, next to the town's pier, to a hotel developer.

East Lindsey District Council has previously accepted a bid from KCS Developments to build an 80-room Premier Inn despite strong opposition from local people.

The Save our Foreshore Group says it's not in the best interests of the town and may even take the case to judicial review.

Now, hoteliers say they will lose out because they will not be able to offer a 'seafront view'.

Steve Godbehere, from the Quorn Hotel, said: ''We have nine sea view rooms which are filled by regular customers most of the year.

''They come back purely to have those rooms and look over the sea. That's going to be taken away. It'll be like closing the curtains on the front of the hotel - a brick wall rather than lovely sea views.''

Developers said there would be a consultation:

''The development team for the proposed redevelopment of Pier Field are holding a public exhibition on the proposals on Thursday 21 April, 2pm to 7.30pm, at the entrance to Tower Gardens, Grand Parade in Skegness.

''The plans will be on display at the exhibition and the team will be available to discuss the proposals and answer any questions. It’s an excellent opportunity to view and input into the latest scheme.''

– James Anderson, on behalf of KCS Development

Steelworkers' union: sale is a 'major step forward'

Roy Rickhuss the General Secretary of the steelworkers’ union, Community, said the union welcomed the sale, which was a major step forward towards a deal which would continue steel making in Scunthorpe and secure the future of the Long Products business across the UK.

Greybull's interest in the business is testament to the skills, experience and commitment of UK steelworkers and demonstrates that with the right investors UK steel making can have a positive future. So far, Tata Steel has honoured its commitment to be a responsible seller of the business by allowing time for the deal to be done.

There are still crucial steps to be taken to complete the deal and all parties involved need to retain their focus towards achieving the objective of securing the future of Long Products.

The deal alone will be a huge boost to the UK steel industry but more government action to support our industry will be needed to ensure its sustainable long-term future.

– Roy Rickhuss, General Secretary of the steelworkers’ union, Community

Tata Steel sale could safeguard Scunthorpe works

Renewed hope for steelworkers Credit: PA

Tata Steel UK Limited today announced the signing of an agreement to sell its Long Products Europe business to the family investment office, Greybull Capital.

The sale covers several UK-based assets including the Scunthorpe steelworks, two mills in Teesside, an engineering workshop in Workington, a design consultancy in York, and associated distribution facilities, as well as a mill in northern France.

The agreement is an important milestone on the road towards continuing steelmaking in Scunthorpe and steel processing in other locations in the UK and France.

The sale for a nominal consideration, would be in exchange for Greybull Capital taking on the whole of the business, including assets and relevant liabilities, and securing an appropriate funding package.

The deal would be completed once a number of outstanding conditions have been resolved, including transfer of contracts, certain Government approvals and the satisfactory completion of financing arrangements. The Long Products Europe business employs 4,800 people – 4,400 in the UK and 400 in France.

Today marks a significant milestone in the sale of the Long Products Europe business. This sale is the best possible outcome for employees who have worked relentlessly to ensure the business’s survival, and helped to make it attractive to a potential buyer.

– Bimlendra Jha, Executive Chairman of the stand-alone Long Products Europe business

Under these current challenging market conditions in Europe with the soaring levels of imports from China, we are happy that Tata Steel UK and Greybull Capital have entered the final stage of completion of the sale of shareholding in Longs Steel UK. This transaction will offer a future for the Long Products Europe business and its 4,400 employees in the UK.

– Hans Fischer, Chief Executive of Tata Steel’s European operation

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Pop up exhibition at Sheffield market

Posters by artist Pete McKee are on display at the Moor Market in Sheffield this weekend. The pop up exhibition is encouraging shoppers to share their favourite memories of summer holidays and to bring their old photos.

We’re hoping it will encourage people to come down to show their support for an iconic local artist and also their fantastic local market.

Events like this attract a wide audience, and that’s what we want, more people coming in to see the diversity of stalls in the market for themselves. Many people are surprised that market is home to the biggest selection of independent businesses in the region and once they’ve experienced the quality and value that’s on offer they keep coming back.

– Richard Eyre, Sheffield City Council
  1. National

Javid: Tata to formally launch sale by Monday

Tata Steel intend to formally launch the sale by Monday, the business secretary said.

Sajid Javid met with the chairman of Tata Steel today in Mumbai as he attempts to find a solution to the collapse of the UK steel industry.

Javid said the UK government "will do everything it can to support a serious buyer in every way we can to secure a long term future of this industry".

Tata have not set a timeframe for the sales process, Javid added, but the company will allow a "reasonable amount of time".

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