British Steel has confirmed it plans to close down its blast furnaces in Scunthorpe, putting up to 2,000 jobs at risk.
They will be replaced with two electric arc furnaces – one at Scunthorpe and one at Teesside.
The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”.
The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”.
The business, which is owned by China’s Jingye Group, said the new furnaces could be in operation by late 2025.
Chief executive Xijun Cao said the firm was not able to keep the blast furnaces and meet environmental commitments.
“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. However, thorough analysis shows this is not viable,” he said.
Unions estimate the shift could ultimately lead to the loss of 1,500 to 2,000 jobs, predominantly at Scunthorpe.
British Steel said it was working with North Lincolnshire Council on “a masterplan” to attract new business and jobs to the site in Scunthorpe, parts of which would become vacant under the proposals.
British Steel has confirmed it plans to close down its blast furnaces in Scunthorpe, putting up to 2,000 jobs at risk.
The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”.
They will be replaced with two electric arc furnaces – one at Scunthorpe and one at Teesside.
The business, which is owned by China’s Jingye Group, said the new furnaces could be in operation by late 2025.
The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”.
The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”.
The business, which is owned by China’s Jingye Group, said the new furnaces could be in operation by late 2025.
Chief executive Xijun Cao said the firm was not able to keep the blast furnaces and meet environmental commitments.
“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. However, thorough analysis shows this is not viable,” he said.
Unions estimate the shift could ultimately lead to the loss of 1,500 to 2,000 jobs, predominantly at Scunthorpe.
British Steel said it was working with North Lincolnshire Council on “a masterplan” to attract new business and jobs to the site in Scunthorpe, parts of which would become vacant under the proposals.
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