Net Zero is sending British steelmaking to the scrapyard

British Steel looks set to close its last two blast furnaces as soon as June this year .

The closure of the furnaces in Scunthorpe , Lincolnshire would mark the end of Britain ’s ability to produce steel from scratch.

British Steel had been expecting a 1 billion subsidy from the UK government, in order to transition to low-carbon steelmaking.

EAFs could, in principle, be powered completely by renewables, but there is likely not sufficient scrap [metal] to meet global demand’ Two widely touted routes to green’ steel hot briquetted iron and direct reduced iron will require green hydrogen, which is not currently being used anywhere at scale.