The UK government has taken control of the British Steel plant in Scunthorpe through emergency legislation to prevent its closure by the Chinese owner, Jingye. With the plant facing significant financial losses, the government is working swiftly to secure vital raw materials, coking coal and iron ore, to keep the blast furnaces operational. The Scunthorpe site employs 2,700 people and is the last facility in the UK capable of producing virgin steel, making its viability critical to the domestic steel industry.
British Steel’s Scunthorpe plant is critical for the UK’s steel production, and the government is stepping in to ensure it remains operational by securing essential raw materials.
The urgency to supply coking coal and iron ore is highlighted, as any drop in the furnace temperature can cause permanent damage, complicating restart procedures.
Business Secretary Jonathan Reynolds emphasized the government's commitment to British Steel, stating, 'When I said steelmaking has a future in the UK, I meant it.'
Fast-tracked legislation has given the UK government control of the Scunthorpe site, as negotiations with the current owner, Jingye, failed to save the struggling plant.
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