These electric furnaces are much greener, but require a lot fewer workers to keep them going. Electric furnaces are used to recycle steel scrap into new steel. British Steel employs around 4,500 people across the UK. 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.

Source: The Star November 07, 2023 01:58 UTC