UK Parliament Intervenes to Save British Steel ...Middle East

OILPRICE - Economy
UK Parliament Intervenes to Save British Steel
source : OILPRICE ( Middle East ) () 34
Via Metal Miner The UK Parliament recently passed a law allowing the government to take control of British Steel, a major player in the local steel industry. The move follows Chinese owner Jingye’s plans to shut down two operating blast furnaces at its Scunthorpe site. A Bold Move Towards UK Steel Industry Preservation The House of Commons, Parliament’s lower chamber, was recalled from its Easter break on April 12 to pass a bill that would prevent the plant’s furnaces from ceasing operations. “The move will maximize the…

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