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The Independent UK
The Independent UK
Business
Anna Wise

British Steel blames outages and costs for losses after owner rejects deal

British Steel Donald Trump
Workers leave the steelworks in Scunthorpe (Danny Lawson/PA) - (PA Archive)

British Steel has blamed outages at its blast furnaces and higher energy costs for financial losses, days after announcing plans to end steelmaking at its Scunthorpe plant.

The company said challenging trading conditions impacted its profitability in 2023, in its latest annual results published on Monday.

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