Tag #British Steel

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UK Government Takes Control of British Steel Blast Furnaces

The UK Parliament initiated emergency proceedings on April 12th to authorize government control of British Steel's last two blast furnaces, averting the loss of 2,700 jobs and preventing irreversible damage to the UK's steel production capacity. The government aims to explore options to keep the pla...

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UK Ministers Urged to Reclaim British Steel from China

Amid concerns over national security and economic stability, senior military and industry figures are demanding that the UK government reclaim British Steel from its Chinese owner, Jingye, as the fate of its Scunthorpe plant hangs in the balance; closure would have catastrophic consequences, they wa...

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British Steel Faces Closure; Parliament Debates Nationalisation

Facing potential closure, the British Steel plant in Scunthorpe, owned by Jingye, saw its Chinese owner cancel raw material orders, prompting a parliamentary debate on emergency legislation for potential nationalisation to save 3,500 jobs.

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UK Government Takes Emergency Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after negotiations with the Chinese owner, Jingye Group, failed. The plant is the UK's last maker of virgin steel.

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UK Government Takes Control of British Steel

The UK government assumed control of British Steel, the last primary steel producer in the UK, on April 12th, to prevent its closure by financially struggling Chinese owner Jingye Group, avoiding the UK becoming the only G7 nation without primary steel production and mitigating risks of national sho...

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theguardian.com
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UK Government Intervenes to Save British Steel, Avert National Security Risk

Facing closure due to its Chinese owner's refusal to continue supplying coke and iron ore, the UK government intervened to prevent British Steel's Scunthorpe plant from shutting down, saving thousands of jobs and maintaining the UK's primary steel production capacity.

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UK Government Takes Control of British Steel's Scunthorpe Plant

The UK government will likely assume control of British Steel's Scunthorpe plant this Saturday, overriding Chinese owner Jingye to prevent closure, incurring daily costs of £700,000 to maintain operations and avoid job losses, while facing pressure to modernize amidst global uncertainties.

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UK Government Intervenes to Prevent British Steel Plant Closure

To prevent the closure of British Steel's Scunthorpe plant and the loss of 3,500 jobs, the UK government recalled parliament on a Saturday to pass emergency legislation enabling the government to take control of the site from its Chinese owner, Jingye Group, amid global steel market instability and ...

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UK Government to Debate Emergency Laws to Save British Steel

To prevent the closure of British Steel's Scunthorpe plant, which employs 3,500 people and produces vital steel, the UK government will debate emergency laws today allowing it to take control, prompted by the owner Jingye's decision to halt operations due to unsustainable costs.

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UK Parliament Approves Emergency Bill to Save British Steel

The UK Parliament passed an emergency bill on April 12th, 2025, to prevent British Steel's closure, saving 3,500 jobs; the government may nationalize the company after negotiations with Chinese owner Jingye failed due to the company's daily losses of £700,000.

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theguardian.com
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UK Government Intervenes to Rescue British Steel

The UK government will spend millions to rescue British Steel from collapse after its Chinese owner, Jingye, said it could not afford to keep the Scunthorpe plant open, prompting concerns about mass redundancies and the loss of the last remaining maker of mass-produced virgin steel in England.

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UK Government Takes Control of British Steel's Scunthorpe Plant

The UK Parliament passed an emergency bill granting the government control of British Steel's Scunthorpe plant, preventing its closure, safeguarding 3,500 jobs, and securing the UK's primary steelmaking capacity after negotiations with the Chinese owner Jingye failed.

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Showing 25 to 36 of 44 results