Save our steel industry By johnredwood on April 8, 2025
It is rumoured the government decided to renegotiate the Scunthorpe deal they inherited to close the blast furnaces and subsidise an electric arc furnace to make recycled steel. It would clearly be better to jeep the blast furnaces. Instead we read they may lose everything as the Chinese owners have rejected their revised deal as inadequate.
The UK needs basic steel making, and the nearby rolling mill. The PM recently iniated tge construction of a new naval submarine, but we hear we will need to import French steel to build it. In 1940 ee did nit have that opportunity when we needed plenty if steel to defend ourselves.
The main reason we are losing our steel industry is the crippling price of energy here. Start getting more of our own gas out and we could build high energy using industries on that supply.