UK holds talks with China’s Jingye to avert closure of British Steel plants

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Financial Times 6d ago

UK holds talks with China’s Jingye to avert closure of British Steel plants - Financial Times

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Support package drawn from £2.

It added: “As part of our ongoing commitment to securing a long-term sustainable future for British Steel in Scunthorpe, we recently purchased raw materials that will see our operations continue to run into the new year.

Electric arc furnaces have the ability to recycle scrap steel using clean energy in contrast to blast furnaces that rely on coal, but they employ fewer people than traditional blast furnaces.