AI Summary:
British Steel says it is planning to close its two blast furnaces and steelmaking operations in Scunthorpe. Chinese owner Jingye failed to agree a rescue package with the U.K. Government. Britain's second-biggest steelmaker blamed "highly challenging market conditions" between 2,000 to 2,700 jobs are potentially at risk. Rickhuss urges Jingye and the government to get back to the negotiating table. Business and Trade Secretary Jonathan Reynolds says the government will “continue working tirelessly” to reach an agreement. British steelmaking was a global leader, employing 300,000 people.

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