The UK steel industry is facing job losses as major companies plan cuts and make desperate pleas for help in switching to environmentally-friendly production.
British Steel is set to axe 260 posts, while 440 roles are under threat at Liberty Steel.
In response to the mounting concerns, Chancellor Rishi Sunak has insisted that he wants a "thriving" UK steel industry.
The UK government's recently-announced British Industry Supercharger Fund is cited as a source of potential support.
The UK steel industry has been hit with growing concerns over job losses as major companies plan cuts and plead for help in transitioning to environmentally-friendly production.
British Steel is set to axe 260 posts, while Liberty Steel is considering cutting 440 roles.
In response to these developments, Chancellor Rishi Sunak has pledged to support the industry, stating that he wants it to thrive.
He also spoke of the government's British Industry Supercharger Fund as a potential source of help.
The Prime Minister has similarly acknowledged the issue, stating that the government is ready to work towards supporting British Steel employees.
However, the Spectator notes that the industry's difficulties predate the current economic environment and suggests that the government may need to consider broader policy issues to address the steel industry's long-standing problems.
When asked about the government's response to the matter, the Labour party has criticised the government for its lack of action, with the opposition party arguing that the lack of industry-specific support has left the steel industry in a precarious position.