It would build one new electric arc furnace in Scunthorpe, with another at its Teesside plant. British Steel employs around 4,000 people across the UK (Danny Lawson/PA)However, the greener alternative furnaces require fewer workers and the move is therefore expected to result in a significant restructuring. It comes after reports that British Steel is also closing on a Government-funded support package worth around £500 million to help fund the changes. On Monday, a Government spokesman said: “Our commitment to the UK steel sector is clear, and we continue to work closely with industry, including British Steel, to secure a sustainable and competitive future for the sector and its workers. The latest move is similar to proposals by rival Tata Steel earlier this year to switch the two coal-fired blast furnaces at its Port Talbot site to electric arc versions.

Source: The Star November 06, 2023 12:07 UTC