British Steel closures a ‘fait accompli’, customer claims

Date:

Getty Images British Steel plant at Scunthorpe with towering cooling towers and smoke-stacks emitting steam. Conveyor belts and railway tracks weave through the industrial landscape. There are warehouses, roads and patches of grass. The sky is bright with scattered clouds.
Getty Images

British Steel has launched a consultation over the future of blast furnaces in Scunthorpe

British Steel has said it has enough raw materials to keep blast furnaces running after a UK customer raised fears about stocks running out.

Simon Boyd, from Reidsteel, claimed British Steel, had “already decided to stop ordering raw materials” and the closure of the furnaces in Scunthorpe was a “fait accompli”.

Mr Boyd is calling on the government to consider nationalising British Steel after the company launched a consultation over the potential closure of the two furnaces, putting up to 2,700 jobs at risk.

Responding to the claims, a spokesperson for British Steel said: “As part of our ongoing operations, British Steel has raw material stocks to supply our blast furnaces.”

Mr Boyd’s company, which is based in Dorset, constructs large steel buildings around the world.

He warned the Scunthorpe furnaces would shut in June if no action was…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...