Crisis talks between the government and the Chinese owner of British Steel have ended with no deal in place, as the Scunthorpe plant races against time to secure the raw materials needed to keep its blast furnaces running. Jingye, which promised a “new chapter” in UK steelmaking when it rescued British Steel in 2020, said last month the site’s two blast furnaces were no longer financially sustainable, raising fears for the future of 2,700 workers. The government said it was prepared to nationalise the company if necessary, although a cabinet minister said on Wednesday morning that a commercial solution, thought
Rachel Reeves welcomes EU deal to loan billions to Ukraine
...
Read moreDetails