Britain must stop exporting scrap steel and build electric furnaces to revive industry, report finds

Britain must stop exporting scrap steel and build electric furnaces to revive industry, report finds

Britain must build more electric furnaces and export less scrap if it wants to revive its steel industry, a report finds. Research from the Energy and Climate Intelligence Unit (ECIU) found that the UK has "all of the ingredients" for a renaissance in steel. This includes a ready supply of scrap that could be recycled, rather than exported.But it said the window to act on the "significant opportunity to rebuild domestic capability" is closing.Tr…