Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ETCompany ParticipantsLourenco Goncalves - Chairman, President ...

Cleveland-Cliffs reported a larger than expected Q1 adjusted loss and an 11% Y/Y decline in revenues to $4.63B, and announced ...

The government of the United Kingdom has stepped in to keep a steelmaking complex in Scunthorpe, England, operating.

Tata closed the blast furnaces, with the company reporting they ... It is expected to be operational by early 2028. Prime Minister Sir Keir Starmer said £80 million in funding had been put ...

British Steel had initially announced plans to close the UK’s two last remaining blast furnaces in March, which could have seen the entire workforce gone as early as June. The government took control ...

Its earliest scenario saw the blast furnaces threatened with closure as soon as early June, and up to 2,700 jobs were directly affected. The consultation move came as the company's owners ...

When Labour came to power last July, the industry was down to three blast furnaces (a fourth had been shut down on election day) and talks were already underway for the UK government to subsidise the ...

Blast furnaces are the heart of the steel industry ... The journey of metal extraction began thousands of years ago. Early humans discovered that heating certain rocks could produce metals.

If the two blast furnaces in Scunthorpe were turned off ... reflecting its fall from global superpower status in the early 20th century. In the 19th century, the U.K. was the world’s leading ...

He added the government is "confident in securing the supply of materials needed" to keep running the two blast furnaces at the plant -- the last in the UK which makes steel from scratch.

Raw materials needed to keep Scunthorpe’s blast furnaces going – including a ... would only last until early May. There was chance to ‘buy’ another fortnight using a ‘Salamander tap ...