Reports: British Steel inches closer to £600m bailout deal for Scunthorpe steelworks

Cecilia Keating
clock • 3 min read
Scunthorpe steelworks | Credit: iStock
Image:

Scunthorpe steelworks | Credit: iStock

Reports over weekend claim Labour government has 'signalled a new intent' to unlock investment in low carbon electric arc furnace production at British Steel site

British Steel is reportedly inching closer to a £600m bailout deal with the British government that would jumpstart the decarbonisation of its steelmaking operations in Scunthorpe. Over the weekend,...

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Cecilia Keating
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