To see the Scunthorpe steelworks in action is to witness British manufacturing prowess at its most visually stunning.
Huge slabs of steel, glowing orange with heat, flow seamlessly through the plant, destined to become anything from paperclips to the steel ropes that support the Humber Bridge. Even from a safe distance, the searing 1,000-degree temperature created by this round-the-clock process is uncomfortable to bear.
Within a matter of months, though, this industrial wonder may well have gone cold. British Steel, which owns the site, collapsed into insolvency last week less than three years after it appeared to have been saved by private equity group Greybull Capital, which bought it for 1 in 2016.
Greybull, which can expect to face…
Read the full article at: https://www.theguardian.com/business/2019/may/25/british-steel-stricken-could-government-step-in