Government 'confident' British Steel furnaces will stay on amid China row
6 Articles
6 Articles
UK confident of keeping British Steel going, China urges fairness
Britain expressed confidence on Monday that it could secure enough raw materials to keep the blast furnaces burning at its last maker of virgin steel, after the government seized operational control from its Chinese owners.
Govt 'confident' enough raw materials secured to keep blast furnaces going after British Steel rescue
Urgent legislation rushed through the House of Commons and House of Lords on Saturday gives ministers the power to instruct British Steel - owned by Chinese company Jingye - to keep the plant open.
Explainer: what next for Scunthorpe steelworks in the coming weeks and beyond
AMID the crisis at British Steel, questions are circulating about the long-term future of the Scunthorpe steelworks. The UK government, which took control of the company from Chinese firm Jingye over the weekend, now says it is “confident” the blast furnaces will have enough iron ore and coke to produce steel for at least the “coming weeks” – a more optimistic outlook than yesterday’s forecast of the “coming days”.
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