British Steel to consult on proposed closure of Scunthorpe blast furnaces

British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, putting up to 2,700 jobs at risk out of a workforce of 3,500. Since 2020 the shareholder of British Steel, Jingye, has invested more than £1.2bn to maintain operations amid ongoing production instability and significant financial losses…