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British Steel plans closure of plant after failing to agree package with UK government
British Steel plans to close its Scunthorpe plant, including blast furnaces and steelmaking operations, after failing to reach a rescue package agreement with the UK government. The company cited challenging market conditions, tariffs, and high environmental costs. Unions are urging the government and Jingye to negotiate, and the government says it will continue working to reach an agreement. The closure could impact thousands of jobs.
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