Tag #British Steel

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UK Government in Dispute with Jingye Over British Steel Sale

The UK government is negotiating with Jingye, the Chinese owners of British Steel, over the sale of the Scunthorpe steelworks after Jingye demanded hundreds of millions of pounds; negotiations are ongoing, with the government considering the public interest alongside taxpayer funds.

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52% Bias Score

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news.sky.com
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UK Government Saves 2,700 British Steel Jobs

The UK government's takeover of British Steel averted the loss of up to 2,700 jobs at its Scunthorpe plant, which was facing closure due to financial instability caused by market conditions, tariffs, and the shift to lower-carbon production; the government's intervention secured raw materials and ap...

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44% Bias Score

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theguardian.com
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UK Steel Crisis: Systemic Failures and China's Model

The UK Labour party's attempts to rescue British Steel and the historical case of BSA motorcycles highlight the UK's systemic failure to align financial and industrial goals, contrasting with China's state-directed model that prioritizes investment and renewable energy, leading to China dominating s...

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bbc.com
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UK Government Saves British Steel from Closure

The UK government seized control of British Steel's Scunthorpe plant after a dispute with its Chinese owner, Jingye, securing emergency shipments of raw materials to keep its blast furnaces running for the coming weeks, preventing the loss of virgin steel production and safeguarding 2,700 jobs.

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theguardian.com
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British Steel's Plight: Opportunity for Green Steel Revolution

The struggling British Steel industry presents an opportunity to transition to cleaner, more innovative steelmaking methods, potentially using hydrogen or all-electric processes, while maintaining economic and national security. This involves government investment, research, and potentially national...

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news.sky.com
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UK Government Intervenes to Save British Steel

Facing closure due to cancelled raw material orders by its Chinese owner, Jingye, British Steel's Scunthorpe plant is now under effective government control following emergency legislation passed Saturday, with officials working to secure supplies and ensure staff payment; the plant's survival remai...

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theguardian.com
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British Steel to Hire 180+ Employees After Government Rescue

British Steel will hire 180+ new employees in Scunthorpe and Teesside to increase production after a government bailout prevented the closure of its blast furnaces, averting potential redundancy for 2,700 workers and addressing staff shortages.

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40% Bias Score

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theguardian.com
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UK Government Intervention Saves 2,700 British Steel Jobs

The UK government's takeover of British Steel averted the redundancy of 2,700 steelworkers at its Scunthorpe plant after securing crucial raw materials, preventing the closure of two blast furnaces and maintaining Britain's steel production capacity.

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theguardian.com
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UK Government Intervention Prevents British Steel Closure Amidst Sino-British Tensions

The UK government intervened to prevent the closure of British Steel's Scunthorpe plant, averting 2,700 job losses, after its Chinese owner, Jingye, threatened closure, sparking a diplomatic row between the UK and China.

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dailymail.co.uk
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UK Urged to Remove Chinese Firms from Critical Infrastructure

Following concerns that Chinese owners of British Steel, Jingye, planned to close the last functioning blast furnaces in the UK, prompting a government intervention, MPs and experts are urging a ban on Chinese involvement in UK critical infrastructure.

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news.sky.com
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UK Government Secures Raw Materials to Prevent British Steel Plant Closure

The UK government has secured the raw materials to keep British Steel's Scunthorpe plant operating after the collapse of negotiations with Chinese owner Jingye, who allegedly planned to shut down the plant by halting raw material orders; three ships carrying materials are either docked or en route t...

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dailymail.co.uk
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UK Government Seizes Control of British Steel Plant

The UK government took control of British Steel's Scunthorpe plant to prevent its closure after accusations that its Chinese owner, Jingye, was accelerating a shutdown, securing short-term raw material supplies to keep furnaces running, while facing criticism for its actions from China.

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40% Bias Score

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Showing 1 to 12 of 44 results