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British Steel's financial support from the UK government is costing £1.2 million daily, with projections estimating total costs could reach £1.5 billion by 2028. The National Audit Office revealed that the Department for Business and Trade (DBT) has spent £377 million to keep operations running at Scunthorpe, where production is consistently below targets.

Jingye, the Chinese owner, reported losses of £700,000 per day and considered closing the site. The DBT's intervention has delayed potential shutdowns but raised concerns over long-term financial viability. A Steel Strategy is expected soon, with options including ownership transfer and a shift to electric arc furnaces being evaluated.