Scunthorpe steel and power price
April was an eventful month. In the UK, the government voted to take control of the Scunthorpe steel plant, as it emerged that the blast furnaces were running low on fuel and in danger of going out. Scunthorpe is the last site in the UK capable of producing “virgin steel”, that being steel produced from raw iron and coking coal, as opposed to recycling scrap steel. Virgin steel is stronger and required for various applications including some defence products. Th ....


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Energy Sector Update - May 2025
- Published:
01 May 2025 -
Author:
Daniel Slater, CFA -
Pages:
6 -
Scunthorpe steel and power price
April was an eventful month. In the UK, the government voted to take control of the Scunthorpe steel plant, as it emerged that the blast furnaces were running low on fuel and in danger of going out. Scunthorpe is the last site in the UK capable of producing “virgin steel”, that being steel produced from raw iron and coking coal, as opposed to recycling scrap steel. Virgin steel is stronger and required for various applications including some defence products. Th ....