British Steel photograph

British Steel

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Ceased operationsOctober 6, 1999
HeadquartersLondon
United Kingdom
Successor Tata Steel Europe
Founded1967
Date of Reg.
Date of Upd.
ID2333535
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About British Steel


British Steel plc was a major British steel producer. It originated from the nationalised British Steel Corporation, formed in 1967, which was privatised as a public limited company, British Steel plc, in 1988. It was once a constituent of the FTSE 100 Index.

British Steel to shut furnace putting up to 2,000 jobs at risk

British Steel to shut furnace putting up to 2,000 jobs at risk
Nov 6,2023 5:51 am

...British Steel plans to close down its blast furnace in Scunthorpe, putting up to 2,000 jobs at risk...

Steel industry fears more job cuts without help

Steel industry fears more job cuts without help
Feb 23,2023 4:21 am

... Gareth Stace, director general of industry body UK Steel, said British Steel s decision to axe 260 jobs could be the start of a trend in the sector...

British Steel plans to close ovens and cut 260 jobs

British Steel plans to close ovens and cut 260 jobs
Feb 22,2023 5:41 am

...British Steel has said it is planning to close its coking ovens in Scunthorpe which could result in the loss of up to 260 jobs...

British Steel considering 800 job cuts in Lincolnshire

British Steel considering 800 job cuts in Lincolnshire
Feb 1,2023 12:11 pm

...British Steel is considering 800 job cuts centred on its Scunthorpe plant, the BBC understands...

Government to offer £600m for green steel switch

Government to offer £600m for green steel switch
Jan 22,2023 7:41 pm

... The funding for British Steel and Tata Steel UK is likely to be unveiled by the Chancellor, Jeremy Hunt, this week...

UK steel industry a whisker away from collapse - Unite

UK steel industry a whisker away from collapse - Unite
Jan 21,2023 12:31 pm

... Writing to Mr Shapps on behalf of two other unions as well - Community and GMB - Mr Turner said the challenges faced by manufacturers like British Steel, Tata Steel, and were the consequences of " direct actions by your government that have...

UK poised to give £300m in rescue funding to British Steel

UK poised to give £300m in rescue funding to British Steel
Jan 20,2023 12:01 pm

...Chancellor Jeremy Hunt is poised to grant a £300m funding package for struggling British Steel, the BBC has been told...

Steel import tariffs extended for two years

Steel import tariffs extended for two years
Jun 29,2022 4:50 pm

... British Steel producers are under pressure from soaring energy prices...

British Steel plans to close ovens and cut 260 jobs

Jun 26,2022 9:40 pm

British Steel has said it is planning to close its coking ovens in Scunthorpe which could result in The Loss of up to 260 jobs.

The Firm blamed an " unprecedented rise" in running costs, inflation and the need to make its operations greener.

The steelworkers' union said any cuts could have a " catastrophic impact" on steel production across the UK.

Coking ovens turn coal into coke which burns at The Higher temperature needed for blast furnaces to make steel.

The closure of the ovens, which means British Steel will import coke, has been seen as a concerning indicator about the health and future of the UK steel industry.

British Steel said The Company had seen its bills for energy and carbon increase by £190m Last Year , alongside an " unprecedented rise in operating costs, surging inflation and the need to improve environmental performance".

As a result it said " decisive action" was needed.

Alun Davies , national officer of the Community Trade Union, which represents steelworkers, said The Union would " not accept redundancies" and added " nothing is off The Table when It Comes to protecting our members' jobs".

" British Steel 's plan to close the coke ovens could have a catastrophic impact on jobs and steel production at Scunthorpe and the UK as a whole, " he added.

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Source of news: bbc.com

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