US EditionParliament Approves Emergency Powers to Seize Control of British Steel
- The UK Parliament approved emergency legislation to take control of British Steel from its Chinese owners, Jingye Group, after concerns about the plant's closure.
- This new law empowers Business Secretary Jonathan Reynolds to ensure the plant operates and workers are paid, amid significant financial losses reported by Jingye.
- Prime Minister Keir Starmer stated that the government will not allow the loss of the UK's remaining blast furnaces, highlighting the importance of jobs and communities.
- China warned the UK against politicizing the British Steel situation, asserting it could harm confidence among Chinese businesses in the UK.
329 Articles
329 Articles
UK Parliament Intervenes to Save British Steel
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 preve…
Malay Mail
AlKhaleej Today‘Ghost town’ fears loom over UK steel town as plant faces uncertain future
LONDON, April 16 — “This is the best three weeks I’ve ever had,” steelworker Kian Hopkins told AFP of his new job at a Scunthorpe plant, even though locals fear it may be closed turning their home into a “ghost town”. Smeared in soot, 18-year-old Hopkins said after his shift at the British Steel plant: “I shovel and all that lot, it’s amazing. It’s hard work but it makes your day go faster... when you get your paycheck.” However, he added that i…
A Crisis at a British Steel Mill Has Cast a Shadow Over U.K.-China Relations - Overpasses For America
Britain has sent a parade of senior officials to China this year, part of a calculated charm offensive to thaw out relations with a country that looms large in a world order upended by the United States under President Trump. But an emergency move by the British Parliament last weekend to take control of a Chinese-owned British steel mill has struck a discordant note amid all the diplomacy. And it could raise deeper questions about Prime Ministe…
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