Steel Industry News – Late May 2024
Estimated reading time 1 minute
British Steel has been granted planning permission to build an Electric Arc Furnace at its Scunthorpe headquarters.
The company’s application was approved by North Lincolnshire Council. Trade union bosses have previously warned the new replacement furnace could lead to the loss of up to 2,000 jobs in Northern Lincolnshire, as British Steel is planning to shut its existing blast furnaces.
Electric arc furnaces can repurpose scrap steel using power generated by renewables. But the end product is not the same grade of steel and is not suitable for all industrial uses.
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