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A general view of the British Steel Ltd steelworks in Scunthorpe, North Lincolnshire
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LABOUR has been urged to renationalise British Steel if a deal cannot be reached to secure the business and protect thousands of jobs.
Chinese owners Jingye began consulting on Thursday over plans to close its Scunthorpe site’s two blast furnaces as early as June.
The company has reportedly rejected a £500 million government offer to help its transition to a greener form of steel production with a new electric arc furnace.
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By Berny Torre in Harrogate
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