New investor could save Tata Steel UK’s Scunthorpe plant

Posted on 14 Dec 2015 by Jonny Williamson

It's been reported that Tata Steel UK has put together a restructuring plan that could offer it’s Scunthorpe refinery a lifeline.

A potential injection of £400m from a new investor could see the Scunthorpe site saved from having to shut down, according to the Sunday Telegraph this weekend – which cites sources close to the proposal. The tentative deal could set out a plan to overhaul the business, including seeing costs scaled back, and changes to…

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