LONDON, Feb 22 (Reuters) - Chinese-owned British Steel
said on Wednesday it plans to close its coke ovens, a move that
could result in 260 job losses at its Scunthorpe site in
northern England, partly "to overcome global economic
challenges."
"Decisive action is required because of the unprecedented
rise in operating costs, surging inflation and the need to
improve environmental performance," the company, which is owned
by China's Jingye Group, said in a statement.
(Reporting by Muvija M; editing by William James)
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