Chinese-owned British Steel to shut coke ovens in UK, cut 260 jobs

Chinese-owned British Steel has announced its plans to close coke ovens in northern England, with the loss of up to 260 jobs. Its CEO Xifeng Han said it's "undergoing the biggest transformation in our 130-year history". "We have taken action to reduce costs within our control; however, steelmaking in the UK remains uncompetitive...compared to other international steelmakers," he added.