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International Business Times
International Business Times
Business

Tariff-hit British Steel Confirms Plan To Shut Blast Furnaces

British Steel Donald Trump Sir Keir Starmer England Jingye United States
Vapour rises from chimneys at British Steel's Scunthorpe plant (Credit: AFP)

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US President Donald Trump's tariffs on the sector were partly to blame for a decision which could cost up to 2,700 jobs.

The company said in a statement that "the blast furnaces and steelmaking operations are no longer financially sustainable due to highly challenging market conditions, the imposition of tariffs, and higher environmental costs relating to the production of high-carbon steel".

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