British Steel’s long-awaited bills were again delayed as concerns over the future of the industry mount
British Steel’s long-awaited bills have been delayed again as concerns over the future of the industry mount.
The Scunthorpe-based steelmaker was due to file 2021 documents with Companies House late last year, but now says it intends to do so ‘over the summer’.
In December, the company was said to be considering closing one of its two operating blast furnaces, putting thousands of jobs at risk unless it received £300m in government funding to invest in green technology.
Feeling the heat: The steelmaker was due to file 2021 documents with Companies House late last year but now says it plans to do so ‘in the summer’
Talks with the government are believed to be underway – Secretary of State Kemi Badenoch visited Scunthorpe last week – but many want to know how strong British Steel’s finances are after rival Tata Steel recently warned there was ‘material uncertainty’ over the future of its UK operations.
British Steel was saved from collapse in 2020 by the Chinese group Jingye.
The 2020 accounts show the company made a loss of £140 million.