Steel News

We strive to let you one step ahead of the market.

British Steel’s owner requests British government to provide financial support

5 Oct 2022 15:19 reported by Stanley Wang

A A A
Jingye Group, the Chinese owner of British Steel, asked the British government to provide financial support to maintain the two blast furnaces’ operation at its Scunthorpe plant. Without support, many employees might lose their jobs.

British Steel is facing a global economic recession, increasing inflation, high energy prices, and carbon emission issues. Therefore, financial assistance was necessary.

The British government has provided more than US$870 million to help steel manufacturers to ease high electricity costs since 2013.

Back to Steel News

Related News

German steel sales decrease in Oct y-o-y

  • Industry activities
  • 29 Nov 2022 17:08

SMS to provide technology for Tata Steel to build low CO2 emissions plants

  • Industry activities
  • 29 Nov 2022 17:06

UK's Primetals & India's Tata Steel team up on decarbonization

  • Industry activities
  • 29 Nov 2022 17:00

YC INOX increases capital in Turkish subsidiary YC INOX TR Celik Sanayi ve Ticaret A.S.

  • Industry activities
  • 28 Nov 2022 17:28

NLMK-Kaluga invests more than 23 million rubles in repairing railway tracks

  • Industry activities
  • 28 Nov 2022 17:25

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more