British Steel's Scunthorpe Plant Losing £1M/Day
Update: 2025-12-13
Description
British Steels Scunthorpe plant, under public control since April, is now losing over one million pounds a day, despite the governments two hundred and seventy-four million pound investment. The industry faces an existential threat from cheap imports, tariffs, and high energy prices, with industry leaders urging the government to act swiftly. The government plans to publish its steel strategy in early two thousand twenty-six, but critics accuse them of leaving the industry in limbo.
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