Emergency vote on nationalising British Steel as future 'hangs in balance'
23 Articles
23 Articles
"Naive" To Allow Chinese Firm For Steel Industry, Says UK Minister
The UK was "naive" to allow its sensitive steel industry to fall into the hands of a Chinese company, Britain's business secretary said on Sunday after the government took control of British Steel. But Jonathan Reynolds said he did not suspect the Chinese state of trying to tank the plant in northern England, the country's last factory able to make steel from scratch. The government rushed urgent legislation through parliament on Saturday to sto…
UK government takes control of last virgin steel plant after Chinese owners threaten shutdown of essential national security infrastructure
Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting, only the sixth since World War II, to back a bill primarily aimed at blocking British Steel's Chinese owners, Jingye Group, from closing the two massive blast furnaces at its Scunthorpe plant in the north of England that are key in the steelmaking process.
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