Thousands of jobs at risk as British Steel consults unions over closure

United Kingdom could be only G7 nation not to produce its own steel; Chinese owner blames Trump tariffs

close Video Republican lawmaker wants to take tariff power away from the presidency Rep. Don Bacon, R-Neb., says he thinks Congress made a “mistake” in giving tariff authority to the president, and says Congress should take it back.  The United Kingdom could be the first G7 nation not to manufacture its own steel, with a major steel firm blaming President Donald Trump‘s tariffs for the planned closure of its two blast furnaces.  British Steel…

The announced closure of the British Steel blast furnaces in Scunthorpe means that, for the first time since the Industrial Revolution, high-quality steel is no longer produced in the United Kingdom. British Steel blames import tariffs and strict environmental requirements. However, the British government did not want to meet the requested support of a total of 1 billion pounds (€1.2 billion).

British Steel warns of 2,700 job losses from blast furnace closures

China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss of up to 2,700 jobs, as U.S. tariffs and environmental costs threaten to damage its already struggling operations.British Steel, owned by China's Jingye Group, has warned for years that steelmaking in Scunthorpe, northeast England, is loss-making, and has been in talks with the government for months about securing funding to switch to a g…

UK no longer able to make own steel — with last two blast furnaces set to shut

The UK will no longer be able to make its own steel from scratch — with its last two blast furnaces set to be shut. British Steel’s Chinese owner Jingye yesterday announced plans to close its Scunthorpe site, in a move that puts 2,700 jobs at risk. James GlossopBritish Steel’s Chinese owner Jingye plans to close its Scunthorpe site, threatening 2,700 jobs[/caption] British Steel said it had been losing around £700,000 a day, with operations “no …

Chinese owner of British Steel no longer wants to invest money in loss-making British blast furnaces.

2,700 jobs at risk as British Steel to close Scunthorpe furnaces

President Trump has already imposed tariffs on steel – adding to the industry’s woes here. Today British Steel announced plans to close its steelmaking operations in Scunthorpe – putting up to 2,700 jobs at risk. It means the UK’s last blast furnaces could shut down as soon as June, making it the only G7 country unable to make new steel. Unions are urging the government to secure the company’s future. But its Chinese owner has already rejected a…