The UK government, led by Deputy Prime Minister Angela Rayner, is working to stabilize British Steel’s operations after taking control of the Scunthorpe plant. The move comes as 2,700 jobs hang in the balance due to concerns over iron ore and coking coal supplies.
Rayner reassured reporters that her team is “confident” in the company’s ability to remain operational. However, long-term questions surrounding the UK steel industry’s future persist.
The government faces criticism from MPs in Wales and Scotland, who question why similar protectionary measures were not granted in their regions. Rayner expressed interest in private investment in British Steel for the future.
Meanwhile, Beijing warned the UK against “politicizing” negotiations around the plant, which remains owned by Chinese firm Jingye. The situation is ongoing, with more developments to be reported on this story.
Source: https://www.bbc.com/news/live/c1kj0mpne3wt