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Steelmaking's demise at place of birth signals wider crisis

Tata Steel shuts Redcar plant, northern England's last blast furnace; company to shed another 1,200 jobs

London

A FLURRY of plant closures and insolvencies show it's making less economic sense to produce steel in Britain, but it's a crisis that's hurting the whole of Europe and not just the country where the industry was born.

Once the hub of the steelmaking world, northern England lost its last blast furnace this month as Tata Steel shut the Redcar plant and announced it was shedding another 1,200 jobs.

In addition, 16 steel and engineering companies making up Caparo Industries, owned by House of Lords...

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