British steel industry on brink of renaissance after years of decline
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The great British steel industry is on the brink of a renaissance after years of decline, manufacturers believe.
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But soaring energy costs sparked by the Iran war, which leave them facing bills £82million higher than French counterparts, could steal the prize from their grasp.
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An unfettered industry would be perfectly placed to deliver low-carbon steel, using electric arc furnaces to reclaim the 10 million tonnes of scrap the UK produces each year.
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TRENDING Stories Videos Your Say British steel could also provide the backbone for small modular reactors (SMRs) – the nuclear-powered generators that are vital for our transition to green energy.Under the right conditions, South Yorkshire could become a global production hub for SMR raw materials, trade body UK Steel believes.
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