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In addition, it is planned to present a strategy for the development of the country's steel industry in the spring of 2025

Blast furnace No. 4 will operate until September 2024

At the same time, the company is challenging the legal grounds for the strike organized by the Unite trade union.

Despite this, the company will continue restructuring at the British enterprise

The British National Grid will build a new energy infrastructure that will provide power to the electric arc furnace

The unions' alternative plan has been rejected due to additional costs of £1.6bn

The company will also consider investing in direct iron recovery technology under certain conditions

As a result, 2.8 thousand jobs will be lost, 2.5 thousand of them within the next 18 months

The announcement was supposed to refer to staff reductions and the closing of two blast furnaces

The company wants to close the blast furnaces, workers worry about job cuts

The funds are intended to assist in the decarbonisation of production in Port Talbot

The funding is earmarked for a steel plant in Port Talbot