Parliament reminded to discuss the nationalization of British steel

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Parliament will be recalled on Saturday to discuss the emergency legislation on nationalization of British steel, as the ministers of the race to avoid the collapse of the company and the loss of 3500 jobs.

Sir Lindsay Hoyle, Speaker of the House of Commons, announced on Friday that on Saturday stated the recall of the deputies, “to accept the legislative proposals to protect the further operation of British steel furnaces.”

Negotiations continue all week between ministers and Jingye Group, Chinese British Steel. Deputies will meet at 11am on a very unusual Saturday, sitting to discuss extraordinary legislation.

Last month, Jingye warned that the other two company stoves – the latter in Britain – were no longer financially viable and began counseling.

Ministers said all the options were on the table, including nationalization. The closure of the furnaces at the British steel plant in Skuntorp will leave the UK as the only G7 country that cannot make steel from scratch using raw materials.

Maintenance of the UK’s metropolitan production has become a major strategic priority for the government, which put off £ 2.5 billion to support the sector.

Sir Keira Starmer’s government is also developing an industrial strategy to support key sectors, and is especially concerned about the 25 percent Global Trump Global Tariff at the importation of steel and aluminum.

British steel did not immediately respond to a comment request.

This is a developing story