The British -Mamluk crucifixion warns of 2700 business losses from the closure of the son -in -law

• Steelmaker Pritish Steel said it could close the son -in -law after June with a possible loss of 2,700 jobs. American definitions and environmental costs are already threatened.
• For years, British Steel warned that the SCUNTHORPE steel industry, northeastern England, is losses, and it is holding talks with the government for several months about securing financing to switch to a more green type of steel production. But the two sides failed to reach a deal.
• The British government has allocated 2.5 billion pounds in favor of the steel industry, and it is scheduled to publish a strategy on its plans for the sector in the spring of 2025.

China, owned in China, said that it can close its son -in -law as soon as the possible loss reaches up to 2,700 jobs, as American definitions and environmental costs threaten to damage its already troubled operations.

Pritish Steel, owned by the Chinese Jingye Group, warned for years that the steel industry in Scunthorpe, northeastern England, warned the losses, and it was In talks with the government For several months about financing insurance to switch to a more green type of steel production.

But the two sides failed to reach a deal, and British Steel said on Thursday that it had taken the “difficult decision” to start consulting about the closure of melting ovens and other relevant operations.

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The threatened closures are the culmination of decades of decline in the steel industry in Britain, which has struggled to compete with low -cost imports given the high energy costs of local production.

“The melting ovens and steel operations are no longer financially sustainable due to the very difficult market conditions, the imposition of definitions, and the high environmental costs related to the production of high carbon steel,” Britain of steel said in a statement on Thursday.

US President Donald Trump imposed a global tariff Of 25 % on all steel imports on March 12, she deals with another blow to the British, which she said was losing 905,240 dollars per day.

The value of steel exports in Britain to the United States is more than 400 million pounds per year, according to Body UK Steel, or about 5 % of steel exports in the UK.

British Steel said it started consultations with the unions, and the proposed closures may affect 2000 and 2700 jobs – taking into account the consultations – with the first closure date in June. The site employs 3500 in total.

British Steel said it will continue to work with the government to explore work options. Britain’s business minister, Jonathan Reynolds, said that the couple was in “ongoing negotiations” and was focusing on obtaining the appropriate deal for taxpayers.

“I need guarantees on jobs if I put public money,” he told the event on Thursday.

The steel was made for the first time in Scunthorpe in 1890, and if the closure continued, Britain, which was in the nineteenth century the world’s largest world Steel productHe no longer has any melting ovens.

Instead, the country turns into the lower -density electric arc furnaces, which is made new steel from recycled steel.

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This switch is expensive. It invests 500 million pounds in Tata Steel in Port Talbot, Wales, to build a new electric oven because of its opening in late 2027 or early 2028. The fooming oven closure operations led to about 2,800 business losses.

Sky News stated that the British offer that was rejected was a 500 million pounds of government investment.

The government has allocated 2.5 billion pounds in favor of the steel industry, and it is scheduled to publish a strategy on its plans for the sector in the Spring of 2025.