China-owned British Steel said to have requested £600m of taxpayer support
by Jasper Jolly from on (#6NQFR)
Company is looking for help from next government to upgrade to less polluting technology
Chinese-owned British Steel has reportedly submitted a request for a package of taxpayer support worth 600m as it looks for assistance from the next government to upgrade to less polluting technology.
Government officials are due to review plans that set out the costs of switching from blast furnaces to electric arc furnaces at the company's steelworks in Scunthorpe, Lincolnshire, the Sunday Times reported.
Continue reading...