The steel company ArcelorMittal has warned that one of its divisions may end up leaving Britain if a planning application in a town in south-east England is approved.
In a letter seen by Sky News, the Luxembourg-based conglomerate said if a planning application was approved and part of Chatham Docks in Kent was closed and redeveloped there would be “seismic adverse consequences” for several important industries and the UK economy as a whole.
A planning application made by Peel Waters, which is part of the infrastructure and property investment company Peel Group, is due to be heard by Medway Council on Wednesday.
Peel Waters plans for 'Chatham Waters', as the development would be known, include the construction of up to 950 homes with waterside commercial, retail and restaurant complexes on the site at Chatham Docks.
'Lack of public awareness'
The redevelopment would necessitate the closure of the docks which Arcelor Mittal uses to supply reinforcement materials for the construction industry.
“Our concern is that Peel’s application to redevelop Chatham Docks is not only wrong for Britain but has proceeded with little scrutiny and a lack of public awareness. Many key stakeholders are therefore unaware of the consequences if it were to proceed,” wrote Matthew Brooks, managing director of ArcelorMittal Kent Wire in the letter to the UK's housing minister, Michael Gove, which was seen by Sky News.
Mr Brooks added that If the planning application is approved, ArcelorMittal “would regrettably be left with no alternative but to leave Chatham Docks and, more than likely, cease operations in Britain, given the lack of suitable alternative sites”.
ArcelorMittal, which is the world's second-largest steel producer and is chaired by the Indian steel magnate Lakshmi Mittal, has supplied materials through its Chatham site that have ended up being used in several major infrastructure projects in the UK including Heathrow's Terminal 5 and London's Elizabeth Line railway.
In his letter, Mr Brooks said approximately 30 per cent of Britain’s concrete steel reinforcement came through ArcelorMittal's works in Chatham, where 800 people are employed.
Mr Brooks also noted that the planning issue had already delayed £5 million worth of ArcelorMittal investment into the site and placed £20 million more in jeopardy.
The Save Chatham Docks Campaign said that the docks generate £258 million worth of business every year.
Last week, ArcelorMittal reported first-quarter earnings ahead of analysts' expectations and restated its expectation that global steel demand outside China will increase by 3-4 per cent this year.
The company said it made $1.96 billion core profit in its first quarter, which beat predictions, but was $180 million below the $2.14 billion reported in the same period last year.
Read more from Mina Al-Oraibi
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What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Six large-scale objects on show
- Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
- The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
- A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
- Frank Lloyd Wright’s 1930s Kaufmann Office
- A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
- Torrijos Palace dome
Killing of Qassem Suleimani
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
How to increase your savings
- Have a plan for your savings.
- Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
- Decide on a financial goal that is important to you and put your savings to work for you.
- It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings.
- Carol Glynn, founder of Conscious Finance Coaching
MATCH INFO
Euro 2020 qualifier
Ukraine 2 (Yaremchuk 06', Yarmolenko 27')
Portugal 1 (Ronaldo 72' pen)
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
UAE v Zimbabwe A
Results
Match 1 – UAE won by 4 wickets
Match 2 – UAE won by 5 wickets
Match 3 – UAE won by 25 runs
Match 4 – UAE won by 77 runs
Fixture
Match 5, Saturday, 9.30am start, ICC Academy, Dubai
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