British Steel is owned by China’s Jingye Group and employs 3,500 people at its Scunthorpe plant and supports more in the supply chain. It intended to immediately close the blast furnaces, which are losing £700,000 a day, the government said.
Parliament will be recalled to pass emergency legislation in one day to give the government the powers to do “everything possible to stop the closure of these blast furnaces”, he said.
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MPs recalled to pass emergency law to take back British Steel Sort: Newest first Oldest first April 12, 2025 8:14 amMPs recalled to pass emergency law to take back British Steel
MPs will pass emergency laws on Saturday to keep British Steel’s blast furnaces open, aiming to save the country’s steel-making capability and thousands of jobs, Prime Minister Keir Starmer said.
“The future of British Steel hangs in the balance,” Starmer said on Friday. “Jobs, investment, growth, our economic and national security are all on the line.”
Asked by a reporter whether this was a precursor to nationalisation, Starmer said the government would “preserve all viable options”.
“The step we’re taking tomorrow is the step of taking control, because it’s necessary now to do that,” he said.
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