British Steel wants to abandon its return to Teesside
It appears British Steel will abandon plans for a return to Teesside, ending hopes of hundreds of jobs coming to the North East.
The loss-making company, which is in talks for a government-backed rescue, planned to build a ‘green steel’ electric arc furnace in the region and another at its main site in Scunthorpe.
It would have marked a return of industry to an area devastated by the closure of the Redcar steelworks in 2015.
But now both ovens will be built in Scunthorpe, The Sunday Times reported, under plans being discussed with Labor ministers.
Disappointment: Both ovens will be built in Scunthorpe under plans being discussed with Labor ministers
British Steel is in talks with the government about taxpayer funding to replace its blast furnaces with electric ones. A spokesperson confirmed the talks but said “no final decisions” had been made.
A spokesperson for the Ministry of Economic Affairs said it is working on a ‘green steel transition’.
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