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Business secretary refuses to say if UK can keep British Steel furnaces running

  • The UK government, led by Business Secretary Jonathan Reynolds, plans to take control of British Steel to prevent the shutdown of its last steelmaking facility in Scunthorpe.
  • Jingye, the Chinese owner, rejected a government deal, leading to fears of job losses as the plant reportedly loses £700,000 daily.
  • Legislation grants the government power to impose criminal sanctions on executives who fail to comply with orders to keep the blast furnaces operating.
  • Sarah Jones stated that negotiations with Jingye had broken down, creating an 'existential' crisis for the plant.
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  • 40% of the sources lean Left
40% Left

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Daily Mirror broke the news in London, United Kingdom on Saturday, April 12, 2025.
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