China-owned British Steel warns of 2,700 job losses from blast furnace closures

• Steel British steel says it can close its two blasts in June to 2,700 possible loss. US tariffs and environmental expenses threaten to fight operations.
• The British steel has been warned for years that Steelmaking is a loss in the northeastern northeastern England and has been negotiating for months of providing steel production for months. But both sides could not reach the deal.
• The British government has provided 2.5 billion pounds for the steel industry and it is planned to publish a strategy on its sector’s project in the spring of 2025.

China’s British steel can close its two explosions in June, up to 2,700 jobs, as US tariffs and environmental expenses threaten to damage the already fight.

British steel, belonging to China’s Jingye Group, has been warned for years that steel work in Paul, England is a loss and there has been. In negotiations with the government for months to ensure the green type of steel production to ensure funding.

But both sides could not reach the deal, and the British steel said on Thursday that a “difficult decision” makes advice on the closure of its explosion furnaces and other related actions.

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The closure of the britain steel industry is the culmination of decades, which is fighting to compete with low pricing imports, taking into account high energy costs.

“Blast furnaces and steel operations are no longer financially stable on highly difficult market conditions, tariffs and high quality carbon production.”

US President: Donald Trump forced global tariffs On March 12, 25% of all imports of steel, which shots at British steel, saying that its Scunthorpe operations lose $ 905,240 every day.

The general view of the British steel factory on November 7, 2023. (Reuters / Phil Noble / Reuters)

Britain’s steel exports cost more than 400 million pounds per year, according to industry, the Great British steel, or about 5% of the steel export of the UK.

The British steel says that consultations with the unions started, and the proposed closure could affect the 2000 to 2,700 jobs according to consultations. The site generally employs 3,500.

British steel has announced that it will continue to work with the government to study options for business. British Business Minister Jonathan Reynolds said that the couple was in the “continued talks” and he focused on receiving the right deal for taxpayers.

“I need guarantees for jobs if we put state money,” he said on Thursday.

Steel first prepared in Scunthorpe in 1890, and if closure goes forward, Britain that was the world’s largest in the XIX century Steel manufacturerNo more explosion had a stove.

Instead, the country changes to less carbon intense electric arc furnaces, which make new steel from recycled steel.

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That switch is expensive. It invests £ 500 million in Tata Steel in Port Talbot, Wales to build a new electric bowl to open in early 2027 or early 2028. The closing of the blast furnaces took place about 2,800 jobs.

British British Steel’s proposal was an investment of £ 500 million, Sky News reports.

The government has allocated 2.5 billion pounds for the steel industry and is conditioned by a strategy on its sector in the spring of 2025.