My thoughts in Conservative Home on the challenges facing British Steel Scunthorpe:
Click to read the full article by Sanjoy on ConHome
Extract:
Labour has just intervened to keep the British Steel Scunthorpe works going with further measures (including nationalisation) still on the table. Whilst Britain’s last blast furnaces remain lit for now, major challenges remain. Globally, steel companies face a daunting combination of falling demand, Chinese competition and ever-rising costs.
Questions abound: how did we get here, what next for steel and what are the political implications?