Business · 16 March 2026

Steelworks Costing £1.3 Million Daily to Run

British Steel's Scunthorpe site requires significant public funds to remain operational, costing taxpayers £1.3 million each day. The Department for Business and Trade has spent £377 million over a nine-month period to stop the closure of the United Kingdom's only two remaining blast furnaces, which was set for April 2025. An independent report classified this £377 million as a loan with no clear repayment plan.

By BriefTea Editorial · 16 March 2026 at 12:05

Reported by BBC · How we write briefs

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