The UK government is taking emergency action to preserve the country’s last operational blast furnace steel site in Scunthorpe, employing 3,000 workers. Lawmakers will discuss an emergency bill on Saturday that grants the business secretary power to keep the plant running while negotiating a potential buyer for British Steel. This move comes amid a tense standoff with Chinese owner Jingye, who has been at odds with the government over the site’s future.
Source: https://www.politico.eu/article/britain-plot-state-control-flailing-steelmaker