British Steel could be snapped by a Chinese owner, says minister - London Business News | Londonlovesbusiness.com
Briefly

UK government is exploring various options regarding British Steel's future, with a focus on potential partnerships, including Chinese investment. Minister Sarah Jones emphasized the aim to maintain and grow steel production in the UK, countering a trend of decline. Business Secretary Jonathan Reynolds asserted that ensuring the availability of raw materials is key for British Steel's future, indicating a strong correlation between the steel industry and the UK's infrastructure projects, which are anticipated to boost demand significantly as part of a national renewal strategy.
"Well, we are not at the moment. I am not going to say yes or no to anything that isn't at the moment on the table or being looked at."
"Our industries depend on UK steel and - thanks to our Plan for Change - demand is set to shoot up: helping build the 1.5 million homes, railways, schools and hospitals we need to usher in a decade of national renewal."
Read at London Business News | Londonlovesbusiness.com
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