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British Steel is planning to close the coke ovens at one of its plants, with the loss of up to 260 jobs, the company announced.
The Chinese-owned steelmaker said the move at its site in Scunthorpe was part of its drive to overcome global economic challenges and build a “green and sustainable future”.
The company said its bills for energy and carbon increased by £190 million last year, adding that “decisive action” was required because of the “unprecedented rise” in operating costs, surging inflation and the need to improve environmental performance.
We have taken action to reduce costs within our control; however, steelmaking in the UK remains uncompetitive when compared to other international steelmakers
Xifeng Han, British Steel
British Steel chief executive Xifeng Han said: “Steel is vital to modern economies and with demand expected to grow over the coming decades, British Steel has a crucial role to play in ensuring the UK has its own supply of high-quality steel.
“To make sure we can deliver the steel Britain requires, we’re undergoing the biggest tran...
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