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Cheaper energy, more cash and a bit of scrap: how to save British Steel

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UK politicians and industry have options if they want steel to make money while minimising emissions

The government has taken control of British Steel, so averting the closure within days of the UK’s last two blast furnaces. However, the takeover leaves a big question: what next?

Steep losses at British Steel prompted its Chinese owner, Jingye, to decide last month to close its blast furnaces in Scunthorpe, Lincolnshire, which would end the production of “virgin” steel in the UK. The government stepped in with emergency legislation, passed in a single day last Saturday, to prevent that.

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April 17, 2025 |

Scunthorpe steelworks: why can’t you just turn a blast furnace off and what is a salamander tap?

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From coking coal to the ‘four queens’, here’s what you need to know about workings of UK’s last two blast furnaces

British Steel is scrambling to find enough raw materials to keep steel production going at Scunthorpe, after the government took control of the plant on Saturday.

If the materials do not arrive in time then the end of production at at least one of the steelworks’ two blast furnaces could come within days.

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April 14, 2025 |

British Steel to deploy emergency measures to save Scunthorpe furnaces

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Firm in race against time to get key materials as business secretary says no guarantee it will get what it needs

British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time.

The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces.

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April 14, 2025 |