British Steel is poised to scrap plans to return steelmaking to Teesside in a big jobs blow for northeast England.
The Chinese-owned group had planned to build one “green steel” furnace in Teesside — creating hundreds of jobs in the process — and another at its main works in Scunthorpe, Lincolnshire, under a major business restructuring.
However, both furnaces will now be built in Scunthorpe under plans being discussed with Labour ministers.