UK Government unveils Plan for Steel to support industry

The UK Government has launched the Plan for Steel Consultation, committing up to £2.5 billion to support the steel industry. This funding aims to address high electricity costs, unfair trading practices, and scrap metal recycling needs. The initiative includes investing in electric arc furnaces and enhancing UK capabilities, ultimately driving growth and protecting jobs in regions like Scunthorpe, Rotherham, and Port Talbot.