british steel

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

Company expected to secure £500m support package to help curb emissions, but trade unions warn move could put 2,000 jobs at risk

BusinessGreen rounds up the most widely read stories on the site this week

Chinese-owned steelmaker considering shift to electric arc furnace technology at sites in Scunthorpe and Teesside if it can secure UK government support

Green Alliance argues British Steel and Tata Steel should transition half of production to electric arc furnaces to receive public subsidy

Funds will reportedly be contingent on Jingye and Tata Steel retaining workers and moving away from traditional blast furnace operations

But the steel producer and trade unions call for urgent action and policy support to develop low carbon steel production in the UK if climate goals are to be met