<h1>British Steel to Close Scunthorpe Operations After Failed Rescue Talks; 2,000+ Jobs at Risk Amid Market Challenges.</h1> British Steel plans to close its blast furnaces and steelmaking operations in Scunthorpe after failing to secure a rescue package from the UK government. The company, owned by a Chinese firm, faces daily losses despite significant investments. It cites challenging market conditions, tariffs, and environmental costs as reasons for the closure, risking 2,000 to 2,700 jobs. British Steel sought government support for new electric arc furnaces to reduce carbon emissions, but negotiations failed. Unions urge continued government support to decarbonize operations and prevent closures, emphasizing the impact on communities reliant on the steel industry. The government remains committed to finding a solution.