British Steel said on Thursday it will consult on the potential closure of two blast furnaces and steelmaking operations, as well as a proposed reduction in the capacity of its steel rolling mill in Scunthorpe.

The proposed closures are expected to impact between 2,000 and 2,700 jobs, the company added.

(Reporting by Anandita Mehrotra in Bengaluru; Editing by Shounak Dasgupta)