British Steel: ‘Anti-China rhetoric’ criticised as ‘absurd’ by embassy April 16, 2025 China’s embassy in Britain has criticised the “arrogance, ignorance and twisted mindset” of UK politicians towards Chinese business, as it defended British Steel’s owner Jingye. It comes after Jonathan Reynolds said that the nationalisation of the British Steel plant in Scunthorpe is the “likely option at this stage”, while stressing the need to secure a [...]
British Steel: Reynolds would view Chinese firms in ‘different way’ April 15, 2025 Jonathan Reynolds has said he would “look at a Chinese firm in a different way” from those of other nations on involvement in the UK steel industry. But the business secretary has insisted the UK government took control of British Steel because of “one specific company”, and did not rule out Chinese firms being involved [...]
British Steel: No 10 won’t rule out future Chinese involvement in steel making April 14, 2025 No 10 has declined to rule out future Chinese involvement in steel making, amid a race to keep the British Steel furnaces alight in Scunthorpe. The UK government has now said it is “confident” it will beat a race against time to keep the site running after taking control of the plant from Chinese owners [...]
British Steel: No10 ‘confident’ it will secure materials to keep plant running April 14, 2025 The UK government is confident it will beat a race against time to keep the British Steel furnaces running after taking control of the plant from Chinese owners Jingye this weekend. Civil servants and steel workers were rushing to secure the raw materials to keep the Scunthorpe site’s furnaces going – which supply Network Rail [...]
Reynolds fails to confirm British Steel will get raw materials required April 13, 2025 The business secretary has declined to guarantee that British Steel will be able to secure enough raw materials in time to keep the Scunthorpe blast furnaces going. Jonathan Reynolds said he would not “make my situation or the nation’s situation more difficult” by commenting on specific commercial details, the day after taking emergency powers to [...]
Reynolds issues guidance to British Steel after MPs back emergency law April 13, 2025 The business secretary Jonathan Reynolds has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe blast furnaces. A government source confirmed that Reynolds had given directions to the company following the extraordinary sitting of Parliament. But they declined to give details of those instructions, saying they [...]
MPs approve bid to take control of Scunthorpe steelworks April 12, 2025 MPs have approved plans to save British Steel’s Scunthorpe blast furnaces after an extraordinary sitting of the Commons on Saturday. Emergency legislation giving the government the power to instruct British Steel to keep the plant open passed the Commons unopposed. It will now be debated by the Lords as the Government attempts to get the [...]
British Steel: Talks ongoing as hopes of ‘solution in sight’ for Scunthorpe April 9, 2025 Talks are ongoing as government ministers battle for the future of British Steel this week, with hopes of a “commercial solution in sight”. The firm has launched a consultation on the proposed closure of blast furnaces at its Scunthorpe plant and the government is in talks with the company’s Chinese owner Jingye. There have been [...]
British Steel: ‘All options on table’ over nationalising Scunthorpe, Starmer says April 8, 2025 The UK is keeping “all options on the table” over the potential nationalisation of the Chinese-owned British Steel plant in Scunthorpe, Sir Keir Starmer has said. The Prime Minister insisted he understood the importance of the plant, which is Britain’s last remaining steelmaker, in a Q&A with the House of Commons Liaison Committee, after its [...]
Mark Kleinman: Britain should steel itself for unwanted status among G7 April 3, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Britain should steel itself for unwanted status among G7 nations Sajid Javid, Greg Clark, Andrea Leadsom, Kemi Badenoch and now Jonathan Reynolds: the list of business secretaries handed the assignment of salvaging Britain’s fast-disappearing steel industry [...]