British Steel to keep Scunthorpe blast furnaces operating past Christmas

Posted on November 11, 2024 by Admin

Confirmation follows progress at talks over government support for switch to less polluting technology

The owners of British Steel are to keep the blast furnaces at its Scunthorpe site running past Christmas amid talks over government support for a switch to less polluting technology.

The government is thought to be considering aid for British Steel at the same level or even higher than the £500m pledged to Tata Steel, which closed its two blast furnaces in Port Talbot in September. However, no decisions on the shape of a package have been made.

China-owned British Steel said to have requested £600m of taxpayer support

Posted on June 23, 2024 by Admin

Company is looking for help from next government to upgrade to less polluting technology

Chinese-owned British Steel has reportedly submitted a request for a package of taxpayer support worth £600m as it looks for assistance from the next government to upgrade to less polluting technology.

Government officials are due to review plans that set out the costs of switching from blast furnaces to electric arc furnaces at the company’s steelworks in Scunthorpe, Lincolnshire, the Sunday Times reported.

British Steel wins multimillion-pound contract for Egyptian rail project

Posted on April 2, 2024 by Admin

Around 9,500 tonnes of track will be provided for north African country’s first fully electrified mainline

British Steel has won a multimillion-pound contract to supply rail for a new route in north Africa, the company has announced.

Approximately 9,500 tonnes of track, produced in Scunthorpe, will be provided for Egypt’s first fully electrified mainline and freight network which stretches from the Red Sea to the Mediterranean.

British Steel owner reportedly asking for urgent financial help from government

Posted on October 1, 2022 by Admin

Jingye Group understood to have told ministers that its blast furnaces are unviable without huge cash injection

The owner of British Steel, the UK’s second-biggest steel producer, is understood to be seeking an urgent package of financial support from the government.

Jingye Group, which bought the company out of insolvency just two years ago, has told ministers that its two blast furnaces are unlikely to remain feasible unless the Scunthorpe-headquartered company is granted financial aid, Sky News has reported.