British Steel has announced the cessation of its consultation on up to 2,700 redundancies after the UK government intervened to stabilize operations. The government's emergency legislation allowed for the continuation of production at the Scunthorpe plant, the UK's only remaining virgin steel furnace.
The intervention ensured a stable supply of raw materials and prevented the need for drastic measures that could have ended Britain's ability to produce steel from scratch. Unions and employees have welcomed the decision, viewing it as a commitment to preserving the UK's steelmaking capabilities.
Vietnam Steel by Hoa Sen Group
