The company, which is owned by Chinese firm Jingye, wants to replace them with two greener electric arc versions.
British Steel is planning to close down the blast furnaces at its Scunthorpe plant, with the loss of up to 2,000 jobs, according to reports.
However, the greener alternative furnaces require fewer workers and the move is therefore expected to result in a significant restructuring. It comes after reports that British Steel is also closing on a Government-funded support package worth around £500 million to help fund the changes.
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