Unions fear up to 2,000 jobs could be put at risk by the move.
British Steel will close down the blast furnaces at its Scunthorpe plant in a move that unions say could cost up to 2,000 jobs.
British Steel chief executive Xijun Cao said: “We have engaged extensively with the public and private sector to understand the feasibility of producing net zero steel with our current blast furnace operations.“Detailed studies show electrification could rapidly accelerate our journey to net zero and drive British Steel towards a sustainable future.”
“We have offered a generous support package including more than £300 million of investment for British Steel to cut emissions, help safeguard jobs and unlock over £1 billion in stakeholder investment.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fears over jobs as British Steel confirms plans to shut blast furnacesUnions fear up to 2,000 jobs could be put at risk by the move.
Read more »
Fears over jobs as British Steel confirms plans to shut blast furnacesUnions fear up to 2,000 jobs could be put at risk by the move.
Read more »
British Steel to shut down blast furnaces at Scunthorpe plant 'leaving 2,000 jobs at risk'British Steel has revealed a decarbonisation plan that could result in the loss of 2,000 jobs in Scunthorpe, according to unions.
Read more »
British Steel to shut blast furnaces with up to 2,000 jobs at riskThe company, which is owned by Chinese firm Jingye, wants to replace them with two greener electric arc versions.
Read more »
British Steel to shut blast furnaces with up to 2,000 jobs at riskThe company, which is owned by Chinese firm Jingye, wants to replace them with two greener electric arc versions.
Read more »
British Steel to shut blast furnaces with up to 2,000 jobs at riskThe company, which is owned by Chinese firm Jingye, wants to replace them with two greener electric arc versions.
Read more »