UK Turn on Spasi British steel as a nationalization of the weaving Business and economical news

The intervention is monitored by a breakdown in the talks between the Great Britain and British steel, Jingye Group.

The UK Government has taken effective control of British steel to maintain their explosions furnaces, after lawmakers approved an ambulance.

With 3,500 working work in balance, British ministers rushed on Saturday to push through legislation on Saturday to temporarily take operational control.

The intervention is monitored by a paragraph in the talks between the Chinese Government of Great Britain and the Chinese British steel owner, Jingye Group, through the plans for the transition of the company to green production.

After the voice, the British Prime Minister Keir Starmer traveled to the place, warning that explosive furnaces – loses $ 915,600 (£ 700,000) daily – on the edge of closing.

“You and your colleagues for years were the backbone of the British steel, and it is really important to recognize that,” said the starmer. “It’s your jobs, your lives, your communities, your families.”

MPs recalled from their Easter depression for an emergency Saturday sitting.

Business Secretary Jonathan Reynolds told MPs that the new law would give the government’s government to manage operations, ensure that the furnaces are paid and ensure vital raw materials.

Reynolds said that the full state download is “increasingly likely” with regard to the behavior of the current company owners. “The failure in which today would not prevent the desirable outcome of even consideration,” he said.

The account moved from the Commons house.

If nationalized, the British Steel would become the largest state rescue in the UK from the banking crisis for 2008. Year.

The summary of its scunthorpe surgery would leave the UK as the only G7 nation that cannot produce virgin steel – made directly from raw materials such as iron ore and coke.

Already under the pressure of global glinje and growing energy prices, the company has further punched with new US tariffs of 25 percent, affecting 5 percent of the annual steel worth approximately $ 520 million.

Reynolds emphasized that the reliance on foreign steel will grow if the shutdown of the furnace and promised to fight for their future, and also pushes to raise American trade restrictions.

The government has already promised $ 3.2 billion to support the steel sector and aims to present a long-term strategy in the coming months.