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British Steel - Latest news GMK Center

Photo – British Steel prepares to increase production and hires new staff
British Steel prepares to increase production and hires new staff

The company intends to increase iron and steel production in the coming months

Photo – Government support for British Steel reached almost £100 million
Government support for British Steel reached almost £100 million

The companies were provided with working capital to pay salaries, purchase raw materials and operate their businesses

Photo – UK to take emergency control of British Steel
UK to take emergency control of British Steel

Special powers granted to the government to save primary steel production in the country

Photo – British Steel confirms restart of blast furnace in Scunthorpe
British Steel confirms restart of blast furnace in Scunthorpe

The company continues discussions with the government on its decarbonization plan

Photo – British Steel to continue operation of blast furnaces in Scunthorpe in 2025
British Steel to continue operation of blast furnaces in Scunthorpe in 2025

The company recently purchased raw materials that will allow it to continue operations

Photo – British Steel increased losses eightfold in 2022
British Steel increased losses eightfold in 2022

The negative trend continues in 2023 and 2024

Photo – British Steel may cease production of rolled products in Scunthorpe – Argus
British Steel may cease production of rolled products in Scunthorpe – Argus

This will happen if the company closes the last operating blast furnace

Photo – British Steel has applied for a £600 million support package
British Steel has applied for a £600 million support package

The company is seeking help from the incoming government to implement its decarbonisation plans

Photo – British Steel is close to signing an agreement with the government on green transformation
British Steel is close to signing an agreement with the government on green transformation

The company began negotiations with the British authorities more than a year ago

Photo – British Steel receives permission to build EAF in Teesside
British Steel receives permission to build EAF in Teesside

The application for another electric arc furnace in Scantop will be considered in the near future

Photo – British Steel will consult on blast furnace closures
British Steel will consult on blast furnace closures

The company will provide communities with details of its £1.25bn decarbonisation plan

Photo – British Steel unveiled a £1.25 billion decarbonisation plan
British Steel unveiled a £1.25 billion decarbonisation plan

It is proposed to replace the domain with two electric arc furnaces on two sites

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