“Recasting” the North's steel industry through greener tech could create 40,000 jobs and save 12,000 more while boosting plans for net-zero carbon emissions, a report reveals today.
The Institute for Public Policy Research North says Britain's steel industry “is of national strategic importance”, with more than a third of jobs in northern regions like South Yorkshire, Teesside and the Humber.
The think-tank estimates that “decarbonising steel in the North will require significant annual investment to develop new technologies and encourage uptake”.
The study comes amid mounting uncertainty over the future of Liberty Steel, which employs 3,000 staff at 11 British plants, after the collapse of its main lender, Greensill Capital.
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