https://www.taxtmi.com/news?id=38882 Planned closure of Scunthorpe steelmaking operations follows a failure to reach agreement with the government on rescue and capital support for conversion to lower emission electric arc furnaces; the company cites operating losses, environmental compliance costs and tariffs as drivers, is consulting with unions on workforce reductions, and a union proposal to retain existing furnaces during transition requires further public funding. en-us Thu, 27 Mar 2025 19:31:03 +0530 Thu, 27 Mar 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38882 Planned closure of Scunthorpe steelmaking operations follows a failure to reach agreement with the government on rescue and capital support for conversion to lower emission electric arc furnaces; the company cites operating losses, environmental compliance costs and tariffs as drivers, is consulting with unions on workforce reductions, and a union proposal to retain existing furnaces during transition requires further public funding. News - Thu, 27 Mar 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=38882