UK-based steelmaker British Steel has applied for a £600 million support package from the future UK government to switch to lower emission technologies, according to a report by the Guardian.
Following the general election in the country scheduled to be held on July 4, the new government will consider the company’s plans to switch from blast furnaces to electric arc furnaces at its Scunthorpe and Teesside steel plants and the cost of this project. British Steel plans to build two electric arc furnaces worth £1.25 billion in total, one each at its Scunthorpe and Teesside plants, to decarbonize its operations, as SteelOrbis previously reported.