Britain's bionest steelmaker is seekina hundreds of millions of pounds in emergency govemment aid, as the covID-19 crisis threatens to plunge an alreadv-strugalino industry into meltdownTata Steel's UK arm has told the government existing programs devised to help businesses durina the COVID-19 pandemic are likely to fall short given the scale and lenath of the disruption from lockdown.measuresA slump in orders from carmakers, manufacturers and the construction industry has hit steel producers hard.Tata Steel, which runs the Port Talbot plant in Wales, is asking for an exemption on the upper limit to the Coronavirus Business Interruption Loan Scheme. This allows companies to borrow a maximum of £ 50m from banks with a government auarantee of 80 per cent.Stephen Kinnock, Labor MP for the Aberavon constituency that is home to the Welsh steelworks, said 50m would only cover about 10 per cent of the cash flow impact to Tata Steel over a six-month period. He urged the Treasury to lift the cap.Other companies hoping for assistance include Liberty House, Spanish-owned Celsa and British Steel, which was rescued from bankruptcy by the Chinese conglomerate Jingye Group last month.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.