Steel industry, Business, Manufacturing sector, Industrial policy, Politics, Wales, British Steel, UK news Business | The Guardian
Privatisation, a lack of industrial strategy and cheap imports have all but buried domestic steel output but there is hope for the futureBlow for British steel industry as 2,500 jobs go at Port TalbotLabour’s plan for steel is a work in progress. Port Talbot was almost the easy partThe government confirmed on Wednesday that a £500m rescue package for the Port Talbot steelworks, owned by Indian conglomerate Tata, would not avert the closure of its two blast furnaces and the loss of 2,500 jobs.The only other two blast furnaces – operated by Chinese-owned British Steel at Scunthorpe – are slated for closure by the end of the year, sounding the death knell for primary (from scratch) steel-making in Britain. The UK will instead rely on imports from abroad and scrap steel fed into electric arc furnaces (EAF). Continue reading…
Privatisation, a lack of industrial strategy and cheap imports have all but buried domestic steel output but there is hope for the future
Blow for British steel industry as 2,500 jobs go at Port TalbotLabour’s plan for steel is a work in progress. Port Talbot was almost the easy part
The government confirmed on Wednesday that a £500m rescue package for the Port Talbot steelworks, owned by Indian conglomerate Tata, would not avert the closure of its two blast furnaces and the loss of 2,500 jobs.
The only other two blast furnaces – operated by Chinese-owned British Steel at Scunthorpe – are slated for closure by the end of the year, sounding the death knell for primary (from scratch) steel-making in Britain. The UK will instead rely on imports from abroad and scrap steel fed into electric arc furnaces (EAF).
