The UK could lose its last remaining steel manufacturer Corus after it announced it has built up a £2bn loss since its creation in 1999
Britain, the world's first industrial society, is on the brink of being kicked out of the club of industrial nations. Traditionally, membership is contingent on making steel. The UK may soon close its last steelmill. Britain makes the metal that made the Industrial Revolution via Corus Group, formed from the merger of British Steel and Royal Hoogovens in 1999. That combination hasn't gone well. Corus has lost £2bn ($3.2bn) since it was created. Former chief executive Tony Pedder tried to stop the rot by selling the company's aluminium business to French metalproducer Pechiney for e861m ...
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