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UK seeks emergency powers to take control of British Steel
Reuters-12 Apr 2025, 09:12 PM
The government said it needed to act with urgency to avert the imminent closure of the blast furnaces and give more time to negotiate a permanent future for British Steel.
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The company, owned by China’s Jingye Group, employs 3,500 people at its Scunthorpe plant. (AP/PA pic)
LONDON: British lawmakers were recalled for an emergency session on Saturday to vote on laws to keep British Steel’s blast furnaces open, as the government said a full nationalisation of the UK’s last maker of virgin steel was becoming increasingly likely.
The company, owned by China’s Jingye Group, employs 3,500 people at its Scunthorpe plant. The facility’s future had been in question after the government and the company failed to agree a funding deal to switch to greener steel production.