In March, British Steel’s Chinese owners announced plans to shut down its Scunthorpe furnaces and cut jobs.
British Steel has said it will end a consultation on up to 2,700 redundancies without action, after the Government took control of the firm earlier this month.
In March, Chinese firm Jingye, which bought British Steel in 2020, proposed to close Scunthorpe’s two blast furnaces.
As a result, it launched a consultation which it said was due to affect between 2,000 and 2,700 jobs.
Earlier this month, the UK Government used emergency powers to take control of British Steel and continue production at the site.
On Tuesday, Lisa Coulson, interim chief commercial officer at British Steel, said: “This has been a difficult and worrying time for British Steel staff and their families.
“I can, however, confirm that we are closing the redundancy consultation without action.”
