Steel Industry News – Early March 2026
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The government spent £377m in nine months to keep British Steel’s Scunthorpe site operating, according to a report.
The National Audit Office (NAO) said ongoing operations were costing the department of Business and Trade (DBT) about £1.3m a day, with no set budget, repayment schedule or end date.
The government stepped in to prevent the closure of the last two remaining blast furnaces in the UK in April 2025, preventing job losses and serious impact on industry, the report said.
Sourced from BBC website
