British Steel, Keir Starmer
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A government source said yesterday it was looking "to take control"' of the company, after its Chinese owner Jingye said its blast furnaces were "no longer financially sustainable".
From BBC
Industry body UK Steel has warned that ending production at the Scunthorpe site would see the UK would lose vital steelmaking capabilities.
From BBC
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A $500 million grant to update a steel plant in JD Vance's hometown is on the DOGE chopping block, according to an unofficial list.
The UK government is poised to take control of a major British Steel plant in Scunthorpe, which is at risk of imminent closure. MPs have been called back from their Easter break to pass an emergency law which would keep the Chinese-owned site operating.
2don MSN
The British government is refusing to rule out nationalizing the last plant in the U.K. that makes steel from raw materials as the global trade war increases pressure to preserve the nation’s ability to supply domestic industry with the steel it needs.
MPs and Lords will return to parliament for a rare Saturday sitting after the prime minister said the future of British Steel "hangs in the balance".
Rio Tinto will supply 70% of the iron ore for a new hydrogen-based steelmaking plant being developed with Austrian steelmaker Voestalpine and steel-making technology provider Primetals Technologies, the companies said on Tuesday.
British Culture Secretary Lisa Nandy said Wednesday that a deal to save British Steel is within sight as talks with Chinese owner Jingye continue.
People who work at the steelworks have told Sky News they hope it will be nationalised as MPs prepare to debate legislation about taking over the site.
The UK government has recalled parliament this weekend aiming to pass emergency legislation to "take control" of a struggling British Steel plant, Prime Minister Keir Starmer said Friday.
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