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British Steel plans closure of plant after failing to agree package with UK government

LONDON (AP) — British Steel said Thursday that it is planning to close its two blast furnaces and steelmaking operations in the northern England town of Scunthorpe, after its Chinese owner Jingye failed to agree a rescue package with the U.K. government. Unions called on the government to help secure the future of the company, […]



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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