MPs to debate emergency legislation to keep British Steel open as 'security is on the line'
- The imminent closure of British Steel threatens primary steelmaking in Britain, leaving it as the only G7 country unable to produce steel from scratch.
- Jingye Group has invested over £1.2 billion but faces losses of about £700,000 a day, warning that its blast furnaces are financially unsustainable.
- Nigel Farage urged nationalisation of British Steel, claiming that China has no interest in keeping it open as it is a vital strategic asset.
- Roy Rickhuss praised the government's decision to call parliament into an emergency session, calling the steelworks a vital strategic business.
171 Articles
171 Articles


UK lawmakers approve rescue of British Steel in emergency parliamentary session
U.K. lawmakers returned to Parliament from their Easter break to approve an emergency rescue of the country’s last remaining factory that makes steel directly from scratch. Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting to debate a…
Industry: in the United Kingdom Parliament seeks to save British Steel in emergency
Purchased by Chinese Jingye in 2020, the company states that its steel manufacturing activities are not economically viable, which could result in the elimination of between 2000 and 2700 jobs.
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