The death of British Steel

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British Steele?....its still alive

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''We have concluded that the only viable option for British Steel moving forward to decarbonise is to move to 100% electric arc furnace steelmaking," he said.

"This is a £2bn project we estimate so it is not a project that the private sector is going to be able to implement without government support.''

The BBC understands that there had been an expectation the government would meet this investment on a 50/50 basis.

But the government offered £500m, and this was rejected by British Steel.

 
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