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Efforts are under way to safeguard the future of British Steel and avoid significant job losses, as the company’s Chinese owner presses ahead with plans to shut down its blast furnaces in Scunthorpe.

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U.S. Steel's stock price was mostly flat, trading close to $44 a share. In the last five days it climbed nearly 9 per cent even as the broader market tumbled on fears that global businesses will ...

British Steel has launched a consultation on the proposed closure of two blast furnaces, raising fears of thousands of job losses. Business minister Sarah Jones said the early closure of the furnaces ...

British Steel has launched a consultation on the proposed closure of two blast furnaces, raising fears of thousands of job losses. Business minister Sarah Jones said the early closure of the ...

The upshot is that they may have to close next month - even sooner than the earliest date suggested for its closure. Image: One of the two blast furnaces at British Steel's Scunthorpe operation ...

Jingye, the shareholder of British Steel, has invested significantly since 2020 but cites challenging market conditions and lack of government support as reasons for the proposed closures.