UK Takes Control Of British Steel Under Emergency Powers; ‘Chinese Owner Can’t…’

UK lawmakers returned from Easter break for an emergency Saturday session to save British Steel’s blast furnaces. Prime Minister Keir Starmer led the debate, aiming to block Chinese owner Jingye Group from shutting operations in Scunthorpe. The bill grants Business Secretary Jonathan Reynolds powers to maintain operations and supply raw materials. Jingye recently canceled crucial iron pellet orders, risking irreversible furnace shutdown. Click to know more.