British Steel's £300m green funding talks with UK government stall due to scrutiny of finances.
British Steel's £300m green funding talks with the UK government have stalled amid scrutiny of the firm's finances. The company, owned by Chinese firm Jingye, aims to use the funds to replace its two blast furnaces with electric steelmaking facilities, crucial for its future. Despite the delay, negotiations remain ongoing. The government's aid package includes investment to reduce emissions, safeguard jobs, and promote a positive future for steel production.
March 24, 2024
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