Displaying items by tag: blast furnaces

The Government has offered to buy the critical raw materials - particularly coking coal - needed to keep British Steel’s blast furnaces running in Scunthorpe. Without this urgent purchase, steel production could halt within weeks and may not be restartable. The offer is directed to Chinese owner Jingye, which has deemed the plant financially unsustainable. Talks continue between British Steel and government officials, with ministers preferring a commercial solution but not ruling out nationalisation. One of the two furnaces, 'Bess,' is scheduled for temporary shutdown on 14 April to conserve remaining materials. The Government hopes to buy time for further negotiations, though frustrations with Jingye’s perceived withdrawal have grown. A new long-term partner may be sought. Unions warn of an 'extreme emergency' and are calling for nationalisation to protect 2,700 jobs and preserve UK steelmaking. A final decision must be made within days to secure new coal and iron ore supplies.