British Steel has ended a consultation on potential redundancies affecting up to 2,700 jobs, following the UK government’s intervention to take control of the company earlier this month. The government’s decision, prompted by Jingye’s proposal to close Scunthorpe’s blast furnaces, has allowed British Steel to stabilize operations and secure necessary raw materials for continuous production. Both the industry minister and labor unions welcomed this development, emphasizing the need for long-term support for the steel industry and advocating for a broader overhaul of energy policies.
