British Steel has been granted planning permission to build an electric arc furnace at its Scunthorpe headquarters, following approval by North Lincolnshire Council.
The steelmaker was granted planning permission last month to build the other proposed EAF at its Teeside site (see Kallanish passim).
The firm remains in talks with government over support, despite fellow UK steelmaker Tata Steel UK being guaranteed £500 million ($629m) of government funding last September. Government representatives are reported to be concerned that British Steel has not yet submitted plans which would allow it to receive a similar subsidy.
“It is crucial we now secure the backing of the UK Government … We are committed to working with the UK Government and need to reach an agreement quickly,” says British Steel president and chief executive Xijun Cao.
The steelmaker said late last year its proposed £1.25 billion transformation to EAF steelmaking could see commissioning potentially by end-2025.
Adam Smith Poland
