Race against time to keep Scunthorpe steel furnaces alive as raw materials to be delivered today
- Coking coal and iron from the U.S. Are being moved to Scunthorpe to support British Steel's operations, as confirmed by the Department for Business and Trade.
- Business Secretary Jonathan Reynolds expressed uncertainty about job security at British Steel, indicating potential job losses depending on future partnerships.
- The UK government intervened to secure necessary materials and maintain operations at British Steel, stating there is enough supply to keep the furnaces running for weeks.
- British Steel is facing significant daily financial losses of £700,000, highlighting the urgency of securing its future.
55 Articles
55 Articles
Sanjoy Sen: If Starmer wants to save British steelmaking, he should get that Cumbrian coal mine open
Sanjoy Sen is a chemical engineer. He contested Alyn and Deeside in the 2019 general election. Labour has just intervened to keep the British Steel Scunthorpe works going with further measures (including nationalisation) still on the table. Whilst Britain’s last blast furnaces remain lit for now, major challenges remain. Globally, steel companies face a daunting combination of falling demand, Chinese competition and ever-rising costs. Questions …
But what is Britain anyway?
The row over Chinese investment in British Steel opens up a whole can of worms for the Matts. How does an astroturf football pitch in Copenhagen, Argentinian Che Guevara and a steelworks in Scunthorpe all add to the debate? Only one way to find out … listen! Also this week - congratulations to Douglas Murray, […]
British Steel sources materials from US to keep furnaces running - Washington Examiner
British Steel is turning to the United States to save U.K. steel production after the government passed an emergency law to seize control of the company. Officials accused its Chinese-owned parent, Jingye, of planning to shut down the furnaces. The British government took control of the company to protect the United Kingdom’s ability to produce virgin steel. London has since scrambled to acquire materials to reinvigorate the company, turning to …
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